Self-Employment Tax Guides

Plain-English answers to the tax questions self-employed people ask most.

Sole Proprietor vs. LLC: How It Affects Your Schedule C

How sole proprietorships and single-member LLCs are taxed, why both usually file Schedule C, and when an S-corp election can lower self-employment tax.

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Standard Mileage vs. Actual Expenses: Which Vehicle Deduction Wins?

The two ways to deduct business vehicle use on Schedule C — the standard mileage rate vs. actual expenses — and how to choose the one that saves you more.

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Quarterly Estimated Taxes for the Self-Employed: A Plain Guide

Who has to pay quarterly estimated taxes, when they're due, how to estimate the amount, and how to avoid IRS underpayment penalties.

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