It should also help you find any deductions that might reduce your tax bill and make sure you complete all necessary forms for an accurate self-employed tax return. Below is a list of our top tax ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

and you'll likely need to file more forms at tax time. Here's how to stay on top of it all. Tina Orem Self-Employment Tax: What It Is, How to Calculate It Self-employment tax is a mix of Social ...

Form 1099-MISC is used for compensation not subject to self-employment tax while Form 1099-NEC is used for compensation that is subject to self-employment tax. The IRS requires specific forms to ...

Self-employed individuals who work as independent contractors typically receive Form 1099-NEC. What is the IRS tax rate for independent contractors? Most independent contractors pay a 15.3% self ...

"Self-employed taxpayers should prioritize compliance over inflated refunds," said the Head of Client Solutions at Clear Start Tax. "If you're unsure whether you qualify for a tax credit, it's best to ...