Unlike employees, independent contractors must pay their own taxes under the Self-Employed Contributions ... to taxpayers involved in an employment tax audit. These are discussed more fully ...

Once you identify the type of tax audit being conducted ... business (if you’re self-employed), or accountant’s office to review your records extensively. While these audits are rare for ...

Michelle is a credit expert, freelance writer and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and ...

So, if your self-employment tax amounts to $3,500 for the year ... but you should be prepared to defend your deduction in the event of an IRS audit. One way to do this is to prepare a diagram ...

Are you self-employed and wondering how to maximize ... “In order for a tax deduction to survive an audit by the IRS or some other income tax authority, good record-keeping and internal control ...

Federal Filing Fee Self-Employed: See offer landing ... Unlike other online tax software, TurboTax’s package includes an IRS audit risk assessment, a step-by-step navigation guide and multiple ...

penalties or an IRS audit. What Is the Self-Employment Tax Deduction? As a self-employed individual, you’re allowed to deduct what the IRS calls the “employer-equivalent portion of your self ...

For self-employed individuals managing taxes effectively can have a significant impact on your financial situation One of the most advantageous opportunities for tax savings is the Self-Employed Tax C ...