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Small Business and Self-employment as Income Mobility Mechanisms by Bradley R. Schiller Capitol Research, Inc. Washington, DC 20016 for Under contract no. SBA-HQ-08M0455 Release Date: July 2010 This

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What is small business and self-employment?

Small business and self-employment refer to individuals who work for themselves and are not employed by a larger company.

Who is required to file small business and self-employment?

Individuals who have income from self-employment, small business, freelance work, or independent contracting are required to file small business and self-employment taxes.

How to fill out small business and self-employment?

You can fill out small business and self-employment taxes using IRS Form 1040 Schedule C or other appropriate tax forms for reporting self-employment income.

What is the purpose of small business and self-employment?

The purpose of small business and self-employment taxes is to ensure that individuals who work for themselves pay their fair share of taxes on their income.

What information must be reported on small business and self-employment?

Income earned from self-employment, expenses related to the self-employment business, and any other relevant financial information must be reported on small business and self-employment taxes.

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