Tuesday, September 1, 2009

Answers with Ray the CPA Episode 5 Are you what the IRS calls Self employed?

Are you self employed? The IRS consideres you to be self employed if you conduct a business, or file a form 1065 (Partnership). A quick reference is, if you are the person signing your paychecks more often than not you are self employed. If you own the company that is signing your paychecks most likely you are self employed. Self employment is nothing to be worried about, that particular status simply has certain filing requirements that you should be aware of.

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Handsome Raymond loves you, and he also loves to speak of himself in the third person. Enjoy yourself cause as far as we know there's only one life to live (at least one that you'll remember)