Even if your self-employment income isn't very much, you still have to report it to the Internal Revenue Service. But depending upon your earnings and expenses, you may be able to file a much simpler form. New role, new tax
Sole proprietors have tax form options when it comes to reporting business income.
Does your pastime make money? Turning it into a business could provide tax advantages.
You can't claim a deduction for your health plan at the corporate level, but you can on Form 1040.
If you paid work-related costs and weren't reimbursed, your dedication might give you a tax break.
You've scored a seasonal job? How it's classified will affect your taxes.
Find out how one of the most popular tax benefits for families, an FSA, can help you.