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Tax filing for self-employed individuals
Filing taxes as a self-employed individual involves specific considerations and responsibilities. Here’s a detailed guide to help self-employed individuals navigate the tax filing process: 1. Determine Your Business Structure: 2. Keep Accurate Records: 3. Understand Business Deductions: 4. Determine Your Tax Year: 5. Estimated Quarterly Tax Payments: 6. File Schedule C with Form 1040: 7.…
