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Are you self-employed? (and don't know it?)

Being self-employed brings a whole new level of complexity to a tax return, whether you operate your own business full time or receive one 1099-NEC for some side work. Here is an overview of all the figures and forms that go into a tax return for a self-employed person. Resources: IRS Publication 334: "Tax Guide for Small Business" https://www.irs.gov/pub/irs-pdf/p334.pdf IRS Schedule C: https://www.irs.gov/pub/irs-pdf/f1040... IRS Schedule SE: "Self-employment Tax" https://www.irs.gov/pub/irs-pdf/sse.pdf IRS Form 8995: "Qualified Business Income Deduction, Simplified method": https://www.irs.gov/pub/irs-pdf/f8995... To learn about the Qualified Business Income Deduction, click here:    • Qualified Business Income Deduction (...   To learn about Self-Employment Tax, click here:    • What is Self-Employment Tax (and why ...   Intro and background music: “Bluesy Vibes” - Doug Maxwell - YouTube Audio Library DISCLAIMER: The information presented in this video is for informational and educational purposes only, and is not intended to render tax advice for specific situations. If you have questions about your specific tax situation, please consult the resources linked above or consult with a qualified tax professional in your community. The information contained in this video is based on tax law and IRS regulations as of the date of publication, and may be subject to change.