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:
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Financial Web: Features self-employed taxes overview. 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. irs.gov/Businesses/Small-Businesses-&-Self-Employed/Small-Business-and-Self-Employed-Tax-Center-1
National Association for the Self-Employed: Resource center with tax news, forms and assistance for the self-employed. nase.org/KnowledgeCenter/TaxResourceCenter.aspx
Social Security Administration: Lays out income-tax rules for Social Security and Medicare taxes, deductions and reporting earnings. www.ssa.gov/pubs/10022.html