Self-Employment Tax Forms & FACS Coding

How to code Self Employment in FACS, Case Note Emphasis

Income – Self-Employment (Sole Proprietorship)

Sole proprietorships are businesses that are owned by one individual, the owner assumes all liability. Example 1: Sole Proprietorships with Tax Form Consider the client’s income and expenses from their own tax return. If the income is representative from the tax form, you will use the verification provided. Take the annual gross income and allow […]

Self-Employment Income


Self-employment – A person is considered self-employed when he or she declares himself or herself to be self-employed, there is an employer/employee relationship and the employer does not withhold income taxes or Federal Insurance Contributions Act (FICA), even if required by law to do so, or the employer withholds taxes and the person provides proof […]

Verification of Self Employment Income

Self 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. […]