Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Self-Employment

Introduction

Lesson Objectives

At the end of this lesson, you will be able to:

  • Identify taxpayers that must pay self-employment tax
  • Choose the appropriate method for computing self-employment tax for a taxpayer
  • Choose the appropriate Forms and/or Schedules for recording a taxpayer's self-employment net profit or loss and tax
  • Complete Form 1040-PR and Form 1040-SS
  • Identify the income level at which taxpayers must make quarterly estimated tax payments

Estimated time to complete: 30 minutes