Show social security tv news march of each year h has as taken on added significance for the millions of gelt golf employed individuals says mr hartley D lampshire social security who will be nt at vernal city hall march at 1100 11 00 OO nm am recent changes in the social security act effective with the taxable year beginning january 1 1051 1951 require that the self employed individual with wit certain exceptions file lie a report of his net earnings received fron self 9 elf employment along with his re reg ular income tax return this report known as schedule C Is filed with the director of internal revenue serving the district where the taxpayer resides it Is required in all cases where the net earnings from self em cm in a bonafede bons fide business are over in a taxable year this requirement has its advantage to the self employed because each year that net earnings in excess of arc are reported the taxpayer receives credit toward future possible belle benefits fits under the old age provisions of the act persons person who a are e L self elf employed ari are now age 65 or older need have at ht least two taxable years with net earnings of or more in each cacti year to guarantee a benefit tilt individual to qualify needs to retire from active participation in the business mr lampshire stated jimmy freestone of eugene oregon is visiting his parents mr and mrs jimmy freestone of vernal |