Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of income that gets taxed. There are many valuable self-employment ...

"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 ...

Michelle is a credit expert, freelance writer and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and ...

The current form is an updated design of the 1982 form of the same name. Before 2020 ... is used for compensation not subject to self-employment tax while Form 1099-NEC is used for compensation ...

Taxpayer was liable for self-employment tax on income reported as “other income” and an accuracy-related penalty, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, ...

You’re also responsible for self-employment taxes, which pay for both the employee and employer’s share of Social Security and Medicare taxes, on top of federal income taxes and any applicable ...

For those keeping score at home, it’s currently two wins for the IRS in as many years, and nada/zilch/zero for the fund managers, at least when ...