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Service directory Place a service directory ad in the Minister News Advocate, Record Patriot & the West Shore Shoppers Guide Call: (231) 3983119 email: classmna@pioneergroup.com ATTORNEYAUTO REPATRIATING/COOLINGBRIAN
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The term 'pay for themselves' generally refers to individuals who are self-employed and need to report their income and pay taxes on it directly, rather than having taxes withheld by an employer.
Self-employed individuals, freelancers, independent contractors, and sole proprietors are required to file taxes for income they earn without employer withholding.
To fill it out, individuals typically use IRS Form 1040 along with Schedule C to report income and expenses, and Schedule SE to calculate self-employment tax.
The purpose is to ensure that self-employed individuals report their income accurately and pay the appropriate taxes, including self-employment tax for Social Security and Medicare.
Individuals must report their total income, business expenses, and calculate the self-employment tax, along with personal information like Social Security number.
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