UpdatedIncome – Self-Employment (Contract Laborers)

A contract laborer is self-employed when there is an employer/employee relationship and the employer does not withhold income taxes or Federal Insurance Contributions Act (FICA). Verification Once a client files a federal tax return, obtain a copy of the tax return. If the income on the tax return is not representative or the client has […]

UpdatedSelf Employment Overview

Overview of Self-Employment

Self-Employment Income

Self-Employment Income Self-employed income is usually income from an individual’s own business, trade, or profession rather than from an employer.  However, some individuals may have an employer and receive a regular salary. If an employer does not withhold income taxes or FICA, even if required to do so by law, the person is considered self-employed. […]