What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

Do you remember your very first tax return? If you filed that return before the World Wide Web arrived on the scene (1993), perhaps you talked with your parents or older siblings to learn what to do.

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...