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How to make tax on self employed income work? email this discussion to a friend?

myLot reputation of 42/100. nicasio21hilariojr (241)4 months ago

it is hard to track down how much you really earn. so do you have any idea how to minimized self employed income tax's evasion?

 
 
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1. myLot reputation of 31/100. tixepower (795)   4 months ago

earn everything to paypal and buy everything with paypal \o

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2. myLot reputation of 96/100. peavey (3795)   ranked 10 out of 77 in self employed   3 months ago

Keep very good records of everything, money in and money out. Keep receipts, check stubs, everything. In the US, you should file quarterly estimated taxes. You may want to check with a tax accountant to get things set up.

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