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Schedule SE

A schedule attached to Form 1040 for small business owners to calculate their self employment tax. Traditionally used by self employed individuals reporting their income on Schedule C, partners who received assigned income on a Schedule K-1, and members of a Limited Liability Company who are assigned active income via Schedule K-1.

The Sole Proprietorship – The Basics


Of the four business entity types, the sole proprietorship is by far the most flexible and easiest to manage.  There are very few drawbacks.  In the world of business, the key is to maximize profit with the least amount of risk.  Each of these [...]

Self-Employment Tax: You Can Stop Staring At Me Now!


I was in the attic once hunting down a noise, of course it was at night and I don’t have any lights in the attic to assist me.  So, I grabbed my son’s Boy Scout Flashlight that mounts on your forehead and headed up to find a raccoon staring at [...]