Confidence Through Compliance
Our Self Employed Tax Preparation service helps freelancers, contractors, and small business owners file accurate tax returns while maximizing eligible deductions and staying IRS-compliant.
Expertly prepared self-employed tax returns ensuring accuracy, compliance, and optimized tax savings.
Maximize every eligible deduction with detailed review of business expenses
All-year assistance with estimated taxes, IRS correspondence, and tax planning
If you are self employed, a freelancer, or an independent contractor, managing your own taxes can be challenging. You are responsible for tracking your income, claiming deductions, and paying self employment taxes on time. Missing required filings or misreporting income can lead to unnecessary penalties and missed opportunities for savings.
At Universal Tax Professionals, we provide expert US expat tax services that include complete support for self employed individuals. Our licensed tax professionals understand the complexities of self employment income and ensure that your tax return is accurate, compliant, and optimized for every deduction you qualify for.
Whether you operate as a sole proprietor, single-member LLC, or small business owner, our team offers precise and reliable tax preparation along with year round guidance. We help you stay compliant, reduce your tax burden, and focus on building your business with confidence wherever you live and work.
If you work for yourself, the IRS considers you self-employed, and that means you’re responsible for reporting your income and paying both income tax and self-employment tax.
You should file a self-employed tax return if you:
Earn income as a freelancer, consultant, or independent contractor
Operate as a sole proprietor, single-member LLC, or small business owner
Receive income from side gigs, online businesses, or professional services
Have net earnings of $400 or more from self-employment during the tax year
Our self-employed tax preparation service provides everything you need to file accurately, stay compliant, and maximize your tax savings. We take care of the details so you can focus on managing and growing your business.
Comprehensive tax preparation and filing for federal and state self-employed returns, including all required IRS forms and schedules.
Detailed review of your income and expenses to identify every eligible business deduction and ensure accurate reporting.
Calculation and guidance for quarterly estimated tax payments to help you avoid underpayment penalties.
Assistance with self-employment tax planning, including Social Security, Medicare, and potential retirement contributions.
Personalized tax advice on the most beneficial structure for your business — whether you operate as a sole proprietor, LLC, or S corporation.
At Universal Tax Professionals, we combine expert knowledge with personalized service to make self-employed tax filing simple, stress-free, and fully IRS-compliant.
Preparing a self-employment tax return involves several steps to ensure that all income, expenses, and taxes are reported accurately. Each component plays a vital role in helping you stay compliant and minimize your overall tax burden.
Schedule C, attached to Form 1040, reports your business income and expenses to determine your net profit or loss. This figure forms the basis for both your income and self-employment tax calculations.
Schedule SE calculates the Social Security and Medicare taxes owed on your self-employment income. Since you are both employer and employee, you’re responsible for the full contribution.
Reduce your taxable income by claiming eligible deductions such as home office costs (Form 8829), mileage, supplies, and equipment depreciation (Form 4562). These deductions can significantly lower your overall tax liability.
Forms 1099-NEC and 1099-K summarize income from clients or digital platforms. Ensuring these match your records prevents discrepancies and potential IRS notices.
Form 1040-ES is used to make quarterly estimated tax payments, covering both income and self-employment taxes. Paying on time helps you avoid penalties and keeps your finances on track year-round.
At Universal Tax Professionals, we manage every component of your self-employment tax return with precision. From identifying allowable deductions to calculating quarterly payments, our licensed expat tax experts ensure your filing is accurate, compliant, and optimized for maximum savings.
Our team is trained to handle the unique tax situations of freelancers, contractors, and small business owners, whether you work in the US or abroad.
We take the time to understand your business, income streams, and expenses to ensure your return is complete and optimized for maximum tax savings.
From IRS notices to questions about estimated payments or business structure, our team is available year-round to provide reliable guidance and support.
No in-person visits needed. Simply upload your documents through our secure online portal and communicate directly with your dedicated international tax accountant.
How It Works
Yes. If your net earnings from self-employment are $400 or more, the IRS requires you to file and pay self-employment taxes.
Absolutely. You can deduct business-related expenses such as equipment, internet, phone, software, subscriptions, and a portion of your home if used exclusively for work.
Self-employment income is reported on Form 1040 with Schedule C for income and expenses, and Schedule SE to calculate Social Security and Medicare taxes.
Self-employed individuals typically pay taxes quarterly (in April, June, September, and January). We calculate these for you and provide reminders to help you avoid penalties.
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