Tuesday, October 18, 2011
Tax Hacks, Component 3: Self-Employment Taxes
Tax Hacks, Part 3: Self-Employment Taxes If you are self employed, if you have one more job or not, you have self-employment (SE) to pay taxes by filing Schedule SE with SE 1040th taxes include taxes on Social Security and Medicare, as all other fees paid, but you are responsible for the "withholding tax" they are. (For tax purposes, you are only independent with net income (profit) of your self-employment or far more per year.) For the purposes of this topic we will focus on individual
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