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Tax power for the self-employed straightforward advice from an expert by James O. Parker

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Published by Sphinx Pub. in Naperville, Ill .
Written in English



  • United States


  • Self-employed -- Taxation -- Law and legislation -- United States -- Popular works,
  • Income tax -- Law and legislation -- United States -- Popular works

Book details:

Edition Notes

Includes index.

StatementJames O. Parker.
GenrePopular works.
LC ClassificationsKF6369.6 .P37 2005
The Physical Object
Paginationix, 261 p. ;
Number of Pages261
ID Numbers
Open LibraryOL3297307M
ISBN 101572484578
LC Control Number2004022524

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  Tax Power for the Self-Employed addresses the specific and particular tax laws and regulations facing a self-employed individual. Unlike other small businesses, it focuses on the individual who either runs a single-person small business (or one with an otherwise limited number of employees) or the person who does something to make extra money that he or she may consider a hobby or side Brand: Sourcebooks. Practice Before the IRS and Power of Attorney: Publication Feb Feb Reporting Back Pay to the Social Security Administration: Publication Jan Oct Health Savings Accounts and Other Tax-Favored Health Plans: Publication Feb ISBN: OCLC Number: Notes: Includes index. Description: ix, pages ; 22 cm: Contents: Self-employment income --Hobby income and loss --Phantom income: a source of cash flow crisis --Business deductions for the self-employed --In-home office expenses deductions --Deduction for the cost of goods sold --Non-business deductions available to self . Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.

Get this from a library! Tax power for the self-employed: straightforward advice from an expert. [James O Parker].   TurboTax Self Employed TurboTax is one of the best-known tax products, and for good reason. Its new self-employed product is especially useful, with . Concluding the Lesson. After students have completed the Tax Tutorial-Self-Employment Income and the Self-Employment Tax, Simulation 14A-Using INT to Complete Schedule C, Schedule SE, and Form , and Simulation 14B-Using MISC to Complete Schedule C, ask whether they have questions about self-employed workers and how they report their income, expenses, and profit.   Barbara J. Winter is a booklover who has been self-employed for over 37 years. She is also the author of Making a Living Without a Job and Seminar in a Sentence, as well as the publisher of Winning Ways newslettter, which always includes book recommendations. She conducts seminars for the joyfully jobless throughout the US and sometimes in Author: Barbara Winter.

  Tax Rules for the Self-Employed It's up to you to figure out how much you owe Uncle Sam and make payments each quarter. By Kimberly Lankford, Contributing Editor J Tax Guide for Self-Employed Hawkers. A. Tax Obligations of a Hawker. This guide is to help you in reporting your business income in your Income Tax Returns. Being a self-employed person, you have the following obligations: (a) To keep proper records and accounts of your business for 5 Size: KB.   Don’t Overspend for Tax Deductions. Remember that a tax deduction provides an economic benefit equal to the amount spent times your marginal tax rate. So if your federal and state combined marginal tax rate is 50%, you get a benefit of 50 cents for every dollar spent. This book provides legal guidance for the self-employed on how to be in compliance with IRS rules and regulations for taxes. Borrow eBooks, audiobooks, and videos from thousands of public libraries worldwide. Tax Power for the Self-Employed Delete Straightforward Advice from an Expert by James O. Parker. ebook.