Being Self-employed |
Contents
KEEPING PROPER RECORDS | 3-1 |
BUSINESS USE OF HOME | 4-1 |
DIRECT COST ITEMS | 5-2 |
Copyright | |
6 other sections not shown
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Common terms and phrases
Amortization amount applies assets auditor auto backup withholding basis business expenses business gross business owner business purposes business-use capital cash contributions customers deductions allowed earnings Emphasis added employed employee's employees enter entry expenditures federal field audit Figure Forms W-2 gross income gross profit gross receipts he/she income tax independent contractor instructions Internal Revenue Code IRS's keep Keogh and SEP lease Listed Property MACRS material participation medicare tax net profit nonemployees partnership payments payroll penalty percentage place of business portion profit or loss proprietorship recordkeeping records Regulation rule sales tax Schedule SE SE tax Section 179 selected self-employed business self-employed individual self-employment income self-employment tax SEP plan SEP-IRA separate small business social security sole proprietorship specific spouse subsection subtraction tax code tax return taxpayer trade or business treated underground economy vehicle worker