How to Fill out Schedule SE (IRS Form 1040)

Learn how to fill out Schedule SE in this video. Schedule SE—also known as IRS Form 1040—is how self-employed individuals pay payroll, medicare, and social security taxes. If you’ve earned over $400 in the past year and are a freelancer, sole proprietor, partner in a partnership, or member of limited liability company, you must fill out a Schedule SE. For our complete guide to self-employment taxes, visit: bit.ly/2ZmXwjI

Our video covers:

Who must fill out Schedule SE (0:26)

Calculating self-employment earnings (1:02)

Schedule SE flowchart (2:20)

Section A: Short Schedule SE (2:50)

Section B: Long Schedule SE (5:02)

Section B Part 2: Optional Methods to Figure Net Earnings (8:38)

In this video, we provide a basic overview of filling out Schedule SE. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances.

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