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Watercooler: Self-employment and taxes

Published January 25, 2013 4:17 pm

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Self-employment can create a strong sense of empowerment. But like every business, self-employed individuals must also pay taxes.

The tax rules aren't exactly the same for people who work for a company. A number of websites, however, offer a wide range of information on tax requirements and planning. Here are just a few:

Financial Web • Features self-employed taxes overview at http://bit.ly/W8NFYV.

FindLaw • Contains host of information, including tax rates and deduction details at http://bit.ly/W1ZW0W.

Internal Revenue Service • Explains tax obligations, filing and payments, at http://1.usa.gov/QPxr1O.

National Association for the Self-Employed • Resource center with tax news, forms and assistance at http://bit.ly/dXn0pU.

Social Security Administration • Lays out income tax rules for Social Security and Medicare taxes, deductions and reporting earnings at http://1.usa.gov/ppCDGx.