Self-Employment

About 25 million people own small businesses or work as independent contractors. Being self-employed means keeping records of your small business activities and complying with special tax rules.

Introduction to Self-Employment

Special rules for small businesses, examples of tax definitions of small business

Organizing Your Small Business

Business organization, tax year and accounting methods, recordkeeping for business income and deductions

Small Business Income and Losses

Income or loss from business operations, capital gains and losses, gains and losses from sales of business property

Small Business Deductions and Credits

Salary, wages, employee benefits, travel and entertainment expenses, car and truck expenses, and more

Tax Planning for Your Small Business

Income and deductions strategies, tax strategies for opening or closing a business, tax strategies for a sideline business, and more

Information Reporting for Your Small Business

Dividends, large cash transactions, payments to independent contractors, and more

Checklist of Tax-Related Corporate Resolutions

Key votes that should be taken for tax actions
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