|
Self-Employed Individuals
or Independent Contractors
Below you will find information helpful in answering many questions related to
being self-employed individuals or independent contractors.
Who is Self-Employed?
If you are in business for yourself, carry on a trade or business as a sole
proprietor or an independent contractor, you generally would consider yourself
as a self-employed individual. You are an independent contractor if the person
for whom you perform services for has only the right to control or direct the
result of your work, not what will be done, or how it will be done.
Licenses or permits needed to operate your business
Although the IRS does not require you to have any licenses, permits or sales tax
numbers to operate your business, they may be required by your state or local
jurisdiction.
Do I need an identification number?
You must have a taxpayer identification number to operate your business. This is
generally your social security number, or an individual taxpayer number. However
if you have employees, and in some other circumstances, you will need an
Employer Identification Number.
Filing Requirements for the Self-Employed
As a self-employed individual, you may be responsible for completing multiple
tax forms, depending on your type of business.
Useful Forms and Publications
A collection of relevant forms and publications related to understanding and
fulfilling your filing requirements.
Where to File Addresses
Where to file addresses for individuals, businesses, and tax practitioners.
Operating a Business
Learn about the various responsibilities associated with operating your own
business. You will find many topics, such as: types of business taxes that may
apply, how to structure retirement plans for your employees, deducting the cost
of running your business, and much more.
Closing a Business
There is more involved in closing your business than just locking the doors.
This section provides procedures for getting out of business, including what
forms to file and how to handle additional revenue received or expenses you may
incur.
Free information to get you started on the right
track with your own
Internet Business.
31
Most Asked Questions About Small Business
Startup
These are the most common questions people ask when
starting a new business.
© aWebBiz.com. All Rights Reserved.
Privacy Statement |
|
