Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe. Many, or all, of the products featured on this page are from our advertising ...

As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread.  Although there are many tax advantages and ...

In 2017, the U.S. Tax Court ruled that law firm members who actively participated in an LLC’s operations and in management weren’t mere investors and were liable for self-employment taxes.

When self-employed, you are typically left picking up the tab on some of the costs your employer otherwise would have covered, including Social Security and Medicare tax, not to mention an office ...

FlamingoImages / Getty Images Independent contractors are considered self-employed ... tax returns, invoices, bank statements, or profit/loss statements. The IRS doesn't want to see them unless you're ...