Self Employed? NO PROBLEM! Cash Business? NO PROBLEM! No Transportation? NO PROBLEM! Multiple W-2's? NO PROBLEM! We will make sure you receive all the credits you qualify for including: - Earned Income Credit - American Opportunity Credit - Child and Dependent Care Credit - Child ...
• Pandemic Unemployment Assistance (PUA):expands eligibility for individuals who are typically ineligible for regular state unemployment benefits, for example independent contractors, and self-employed and “gig” workers. • Federal Pandemic Unemployment Compensation (FPUC): provi...
I am self-employed and 1040 Plus has been doing my taxes for several years now. I had an issue with the IRS an... Read More 8 years ago Renee S. The professionalism that was put into my tax preparation was superb! 3 years ago ...
An independent contractor is self-employed, bears responsibility for his or her own taxes and expenses, and is not subject to an employer's direction and control. The distinction dependsupon much more than what the parties call themselves.Nickie Hyde...
If you’re self-employed and expect to owe $1,000 or more in annual taxes, then you most likely need to file quarterly. I recommend you speak with a few accountants though and then hire one for help with all of your taxes, federal, state, and local. You can read our How to Find...
with income taxes averaging 29.8 percent for the average American, this can mean a pretty saving on your salary or self-employed income- and better affordability for your household. Currently, income tax and social security contributions account for 76 percent of the total tax wedge in the United...
TheIRS definesa person as an independent contractor if the payer follows DOL’s rule. The IRS types individuals such as doctors, dentists and accountants in an independent trade as independent contractors. It sees an independent contractor as a self-employed person who pays self-employment tax and...
Self-Employed 15.30% 15.30% The 7.65% tax rate is the combined rate for Social Security and Medicare. The Social Security portion (OASDI) is 6.20% on earnings up to the applicable taxable maximum amount (see below). The Medicare portion (HI) is 1.45% on all earnings. Also, as of Januar...
Bank Statement Loans:Ourbank statement loans in Texasare well-suited for self-employed individuals whose income is not accurately reflected on W2s and their taxes. With these loans, you are able to use your bank statements to qualify for a mortgage. ...
If you want to hire employees for your business, you will need to get an EIN first. This is because an EIN is required for employer tax reporting purposes, (like reporting and paying payroll taxes for your employees). Note: As a Sole Proprietor, while you are considered self-employed, yo...