When you’re new to the world of self-employment, one of the major factors that appeals to you is that you’re essentially the ...

The Code imposes the self-employment tax on the net earnings from self-employment derived by an individual during any taxable year. In general, the term “net earnings from self-employment” means the ...

Self-employment income tax rates differ from those used for earned income from an employer. Because of this, when you're self-employed, it's vital that you keep careful track of your income. Since ...

While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

A letter for self-employed income is frequently requested by lenders to corroborate a potential borrower's self-employment income and total years in business. The borrower can write the letter, but ...

Taxpayers frequently have income reported on Form 1099-MISC. It may represent earnings from a trade or business that should be reported on Form 1040, Schedule C. If not, it generally is reported as ...

My borrowers are a married couple who want to refinancing their mortgage using a conventional loan. They are both on the mortgage that is being refinanced and would both like to be on the new loan.