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Self Employed Income Worksheet  Form

Self Employed Income Worksheet Form

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Video instructions and help with filling out and completing Self Employed Income Worksheet Form

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Instructions and help about self employment income worksheet

hello everyone in this session we will cover the self-employment tax the self-employment tax is an extension of the FICA taxes we covered the FICA taxes in the prior session FICA is Social Security and Medicare so what's the difference between self-employment tax and F tax well guess what when you're self-employed it means you are not an employee you are the owner of the business and remember FICA taxes is paid both by the employee and the employer so we call it self-employment tax to illustrate to make the point that the person that the owner of the business is the owner of the business is the business itself and the employee therefore they have to pay both portion of the FICA taxes we call them self-employment tax now although they pay pay both portion the employee portion and the employer portion they will get a deduction for the employer portion and we'll see how this works so let's go ahead and get started before we proceed any further I have a Publ

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