Expand Your Education with These Courses from
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
A Consumer Advocate Approach to Real Estate & Mortgages: Courses 1 & 2.
Bundle 1: CIPS Core Courses (Non-US Version).
Bundle 2: CIPS Elective Courses (US Version).
Bundle 3: CIPS Institute (Non-US Version).

On The Money: Self-Employment and Taxes

Have a comment on this article? Share on Facebook!

By Chuck Myers

(MCT)—Self-employment can create a strong sense of empowerment. But like every business, self-employed individuals must also pay taxes.

The tax rules governing self-employed businesses aren’t exactly the same for people who work for a company. A number of websites, however, offer a wide range of information on self-employed tax requirements and planning. Here are just a few:

—Financial Web: Features self-employed taxes overview. http://www.finweb.com/taxes/tax-tips-self-employment-taxes.html

—FindLaw: Contains host of information, including who pays self-employment taxes, tax rates and deduction details. http://smallbusiness.findlaw.com/business-taxes/self-employment-tax.html

—Internal Revenue Service: Explains self-employed tax obligations, filing and payments. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

—National Association for the Self-Employed: Resource center with tax news, forms and assistance for the self-employed. http://www.nase.org/KnowledgeCenter/TaxResourceCenter.aspx

—Social Security Administration: Lays out income tax rules for Social Security and Medicare taxes, deductions and reporting earnings. http://www.ssa.gov/pubs/10022.html

©2013 McClatchy-Tribune Information Services
Distributed by MCT Information Services

Have a comment on this article? Share on Facebook!

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Categories: Real Estate News

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>