Get the up-to-date U.S. Territories - Self Employment Tax - IRS Video Portal 2024 now

Get Form
tax form for self employed Preview on Page 1

Here's how it works

01. Edit your form online
01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify U.S. Territories - Self Employment Tax - IRS Video Portal in PDF format online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Working on documents with our comprehensive and intuitive PDF editor is straightforward. Follow the instructions below to fill out U.S. Territories - Self Employment Tax - IRS Video Portal online easily and quickly:

  1. Log in to your account. Log in with your credentials or create a free account to test the product before upgrading the subscription.
  2. Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
  3. Edit U.S. Territories - Self Employment Tax - IRS Video Portal. Effortlessly add and highlight text, insert pictures, checkmarks, and icons, drop new fillable areas, and rearrange or remove pages from your paperwork.
  4. Get the U.S. Territories - Self Employment Tax - IRS Video Portal accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other people via a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to quickly handle your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
The self-employment tax rate for self-employment income earned is 15.3% (12.4% for Social Security and 2.9% for Medicare).
US citizens involved with foreign businesses must file various reporting forms, including Form 5471 and Form 926 (foreign corporations), Form 8865 (foreign partnerships), Form 8858 (foreign limited liability companies), Form 3520 and Form 3520-A (foreign trusts), and FBAR.
Nonresidents. Individuals who are neither citizens nor residents of the United States are not subject to self-employment tax. However, self-employment income you receive while you are a U.S. resident is subject to self-employment tax even if it was paid for services you performed as a nonresident.
If you earned foreign income abroad, you report it to the U.S. on Form 1040. In addition, you may also have to file a few other forms relating to foreign income, like your FBAR (FinCEN Form 114) and FATCA Form 8938.
If you earned foreign income abroad, you report it to the U.S. on Form 1040. In addition, you may also have to file a few other forms relating to foreign income, like your FBAR (FinCEN Form 114) and FATCA Form 8938.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

You must pay self-employment tax on your self-employment income even if it is excludable as foreign earned income in figuring your income tax. Net earnings from self-employment include the income earned both in a foreign country and in the United States.
Example: You are in business abroad as a consultant and qualify for the foreign earned income exclusion. Your foreign earned income is $95,000, your business deductions total $27,000, and your net profit is $68,000. You must pay self-employment tax on all your net profit, including any amount excluded from income.
However, since Guam does not have a separate Medicare and social security system, LLC members who are full-time residents of Guam still need to pay the 15.3% self-employment tax to the US by filing Form 1040-SS.

Related links