Tax Tip Series: Tips for the Self-Employed

Those who consider themselves self-employed represent 8% to 12% of the working population. You may know them as sole proprietors, independent contractor or statutory employees. Self-employment income is disclosed on IRS Form Schedule C, which is part of our own Form 1040.

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Tax Tip Series: Withholding vs. Quarterly Estimated Payments

Our federal taxing system is a “pay as you go” system.  Your taxes are paid to the government in two ways: withholding through your employer or submitting quarterly estimated taxes.

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