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Form 1049 Client's Statement of Self Employment

Form 1049 Client's Statement of Self Employment

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Video instructions and help with filling out and completing Form 1049 Client's Statement Of Self Employment

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Instructions and help about form 1049 client's statement of self employment

independent contractors entrepreneurs and business owners come in many different shapes and sizes from The Uber driver all the way up to the Tesla CEO but they have one thing in common they all must pay self-employment taxes in today's video we'll discuss what self-employment taxes is how they impact W2 employees versus independent contractors entrepreneurs and business owners and how being an expat might change this [Music] hi everybody my name is David McKean I'm the co-founder of Greenback expat tax services and yes I need to pay self-employment taxes so what are self-employment taxes basically they're taxes you pay on income earned when you're not a W2 employee a W2 employee just means a regular old employee of a company as a W2 employee you would pay into both Social Security and Medicare and your employer makes a matching contribution the amount you pay as an employee is 7.65% and that's split between Medicare and Social Security th

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