Self-Employed Person

A U.S. law requiring a deduction from paychecks and income that goes toward the Social Security program and Medicare. Both employees and employers are responsible for sharing the FICA ...

The standard Internal Revenue Service (IRS) form that individuals use to file their annual income tax returns. The form contains sections that require taxpayers to disclose their ...

An insurance agent who only works for one insurance company. A captive agent is paid by that one company either with a combination of salary and commissions or with just commissions. He ...

The primary location where a taxpayer's business is performed. The principal place of business is generally where the business's books and records are kept and is often where the head of ...

A self-employed taxpayer that controls his or her own employment circumstances, including when and how work is done. Independent contractors are not considered to be employees and must ...

A class of employee that is permitted to deduct work-related expenses on Schedule C instead of Schedule A. Statutory employees are usually salespeople or other employees who work on ...

Independent, self-employed businesswomen who sell makeup or other female-oriented products and services. Lipstick entrepreneurs are viewed as leaders of the "femterprise" movement. In ...

Running your own business has both personal and financial perks.

Being self-employed provides freedom, but only if you learn to make your money last.

SEP IRAs are simple to set up and run, making them a popular choice for business owners.

We clarify some rules that often puzzle taxpayers.

Freelance work is a way to escape the daily grind - but don't ignore the added responsibility that comes with freedom.