What is a self employment tax id?

Answer Those who are self-employed use their social security number at their ID number on their taxes. Self-employment tax money goes to Medicare and Social Security, according the Internal Revenue Servic... Read More »

Top Q&A For: What is a self employment tax id

Who has to pay self employment tax?

The self-employment tax is levied on those who have income from working as an independent contractor or whose self-employment earnings exceed the annual limit. As of 2010, if you have more than $40... Read More »

How to Pay Self Employment Tax?

You should have an SSN or an ITIN to pay self employment tax. If you do not have an SSN, you can easily obtain one at any Social Security office. Apply for the SSN using a Form SS-5 from the Social... Read More »

What is self-employment tax?

The self-employment tax is a U.S. Medicare and Social Security levy paid by individuals who work as independent contractors, operate their own businesses as sole proprietors or participate as membe... Read More »

How to Know if You Should Pay Self Employment Tax?

Self employment tax can be tricky and for some people, mind-boggling. It can be difficult for some people to understand about the self employment laws and to know if you should pay self employment ... Read More »