Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty relief and Offer in Compromise.

When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both. If you’re self-employed – either on a full-time basis or just ...

Experts explained when side income becomes taxable, how it's treated differently than wages and which rules can help prevent ...

Taking on a gig job means taking on new tax responsibilities. You might not think you’re in business, but if you’re reselling ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle in taxes ...

To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your business income.

The IRS can pursue you personally if the company fails to pay the taxes. The civil penalty is 100% of the taxes not collected, and criminal liability is possible too.