What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

Those who need to submit a self assessment must do so by 31 January, but the process can sometimes be confusing.

The IRS will open the 2026 tax season later this month, but you mat not need to file. Here's who does and doesn't need to ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. In recent years, the IRS has devoted more resources to ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...