To create this space from a financial perspective, especially service-based self-employment, requires turning self-employment income you earn ... the next 10 years, for example.

For example, if your net self-employment income is $50,000, multiply $50,000 by 0.9235 to get $46,175. Then, because $46,175 ...

For example, if you’re a carpenter who sells ... Small businesses and the self-employed can use cash basis expenses. It involves reporting your income and expenses for the year using traditional ...

So if, for example, I'm staying at a hotel that somehow doesn't ... common All of the expenses above make it possible for me to do my job and manage my self-employment income. If you're self-employed ...

The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. • The IRS requires businesses to report payment ...

Are you self-employed and wondering how to maximize ... your tax filing status and income level. For example, Roth IRA contributions are not tax deductible. And although traditional IRA ...