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In todayamp;#39;s video, Iamp;#39;m going to walk you through how to fill out schedule SE, which is used to calculate and report self-employment taxes. As a self employed individual, youamp;#39;ll file Schedule SE with the IRS, along with your Form 1040, or other personal income tax return. Iamp;#39;m Priyanka Prakash, senior staff writer and small business expert at Fundera. Sole proprietors, partners in a partnership, and members of an LLC who make at least $400 per year in self- employment earnings have to pay self employment taxes to the IRS to cover their Social Security and Medicare tax obligations. Schedule SE is where you calculate your self employment taxes. Okay, letamp;#39;s get started with the top of the form where youamp;#39;ll type or write your name and social security number. Iamp;#39;ll be filling out this form for a fictional business ABC Bakery owned by Betty Business. Keep in mind that before completing schedule SE youamp;#39;ll need to calculate your self
