Self-employment and taxes
By Chuck Myers
Published: Thursday, Jan. 17, 2013, 12:01 a.m.
Self-employment can bring a strong sense of empowerment. But like every business, self-employed individuals must pay taxes.
The tax rules governing self-employed businesses aren't exactly the same for people who work for a company. A number of websites, however, offer a wide range of information on self-employed tax requirements and planning. Here are just a few:
-Financial Web: Features self-employed taxes overview. http://www.finweb.com/taxes/tax-tips-self-employment-taxes.html
-FindLaw: Contains host of information, including who pays self-employment taxes, tax rates and deduction details. http://smallbusiness.findlaw.com/business-taxes/self-employment-tax.html
-Internal Revenue Service: Explains self-employed tax obligations, filing and payments. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center
-National Association for the Self-Employed: Resource center with tax news, forms and assistance for the self-employed. http://www.nase.org/LearningCenter/taxresourcecenter.aspx
-Social Security Administration: Lays out income tax rules for Social Security and Medicare taxes, deductions and reporting earnings. http://www.ssa.gov/pubs/10022.html
Source: McClatchy-Tribune Information Services
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Consumer borrowing increased by $13.7 billion in January
- Harsh winter sets back Western Pa. maple harvest
- Minorities crucial to filling Marcellus shale gas drilling jobs
- JPMorgan whistle-blower gets $64M for mortgage fraud tips
- Prepaid cards start to elbow aside bank accounts
- Disney to lay off 700 from interactive unit
- ‘Boomerang’ buyers get another chance at homeownership
- Diaper makers do due diligence
- Startup envisions ring that could rule them all
- CVS suit could be test case
- Dove nixes ‘Armpit of America’ billboard in N.J.