The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. • The IRS requires businesses to report payment ...

Form 7206 is a new IRS form for self-employed taxpayers to figure their deduction for health insurance costs. Self-employed ...

To apply for Supplemental Security Income (SSI) and other Social Security benefits, you'll first need to schedule an ...

Self-employment tax is calculated using Schedule SE from IRS Form 1040 or Form 1040-SR. You don’t need to pay self-employment tax if your net annual earnings from self-employment are less than $ ...