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2. Compile Your Earnings Statements. If you have performed services worth $600 or more for a client, you should receive a Form 1099-MISC from them. These forms should be filed by Jan. 31. Once you ...
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If you're self-employed, you must file quarterly taxes every few months. These are your estimated tax payments, making up for the fact that you don't have an employer to withhold your taxes over ...
Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government. Income tax returns for individual calendar-year ...
Self-employment. Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed. In the real world, the critical issue for tax authorities is ...
Whether you do your taxes yourself, go to a tax clinic or hire a professional, ... —1099 forms, if you are self-employed ... Wease explains that you can file taxes late and, if you were supposed ...
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