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Self-Employment Tax

Self-Employment Tax

TaxTV Staff December 16, 2011 2

Top Takeaways 1: Independent Contractors are subject to Self-Employment Tax If you are an independent contractor or self-employed, then you may be responsible for paying self-employment tax. Self-employed individuals who make more than $400

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Independent Contractor

Independent Contractor

TaxTV Staff December 16, 2011 0

Top Takeaways 1: Independent Contractors are Responsible for Paying Self-Employment Tax If the worker is an independent contractor, then the worker may be responsible for paying self-employment tax and making quarterly estimated tax payments.

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Business Use of Car Deduction

Business Use of Car Deduction

TaxTV Staff December 16, 2011 1

Top Takeaways 1:  Car Deductions Available for Business Use If you use your personal car for business purposes you may be able to deduct certain expenses.  To deduct your business use of personal car

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