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self-employment
(redirected from Self-employment tax)

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
self-em·ployed (slfm-ploid)
adj.
Earning one's livelihood directly from one's own trade or business rather than as an employee of another.

self-em·ployment n.
Translations
self-employment [ˌselfɪmˈplɔɪmənt] Ntrabajo m autónomo, trabajo m por cuenta propia
self-employment [ˌsɛlfɪmˈplɔɪmənt] nlavoro autonomo


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Estimated tax is used to pay not only income tax but also self-employment tax, household employee tax, and the alternative minimum tax.
As a self-employed individual you will have a Schedule C to attach to your Form 1040, and self-employment tax is computed on Form 1040, Schedule SE.
As part of the annual liaison process between the IRS and the CalCPA Committee on Taxation, a question was submitted to the IRS pointing out self-employment tax problems that could arise because the 2007 instructions required each spouse electing qualified joint venture treatment for a rental real estate business to file a separate Schedule C (instead of Schedule E) even though that business' net income is not subject to the self-employment tax.
 
 
 
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