How to file self employed taxes (2023) | TCC

Are you wondering how to file self employed taxes (2023)? Well, we’ve got a SPECIAL video for you. In this video we go through a self-employed tax return tutorial by looking at the Schedule C tax return for a ride share driver.

So if you're specifically looking for how to file a Uber tax return, a Lyft tax return or any other rideshare or delivery driver job where you get a 1099-NEC, 1099-MISC of 1099-K, then you are in the right place. But don’t worry if your side hustle or job was doing something else. Anyone who is self employed can use this example as a guide on how to file a self-employed tax return in 2023 (and beyond)!

Want our FREE DOWNLOAD: 10 Accounting and Tax Tips for Startups and Small Businesses? Then make sure you click the link below! 😉

Tax Chit Chat S4 EP 3
How to file self employed taxes (2023)

🕘Timestamps:
0:00 Intro
1:00 Form 1040 overview
1:57 Who files Schedule C?
2:43 Two signs you might be self-employed
3:19 Schedule C overview
4:47 Reporting Schedule C income and expenses
6:42 Car & Truck (automobile) expenses
10:50 FREE DOWNLOAD
11:12 Self Employment Taxes
12:23 20% special self-employed tax deduction
12:55 Form 1040 wrap up
14:15 Estimated tax payments explained
15:19 Recap!

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What is Tax Chit Chat?
Do you really "understand" taxes? Do you want to learn the best ways to cut your tax bill while staying on the good side of the IRS? Well, that's the point of this video series. Here, we hope to help YOU Slash Your Taxes Legally and Ethically! 😉

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The Professionals at Wilson Rogers & Company

🎨 Artwork:
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🎤 Host:
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The content and topics covered in this video are like those of The Money Guy Show, The Dave Ramsey Show and Your Money, Your Wealth in parts.

DISCLAIMERS & DISCLOSURES ❤
**This video is meant to provide competent and reliable information regarding the subject matter covered. However, it is viewed with the understanding that the creator and provider are not engaged in rendering legal, financial or other professional advice. Laws and practices often vary from state to state, and as such, the information presented herein is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your financial decisions.

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[maryinthemaking]

Where have you been all my adult, tax paying life? I appreciate how you quickly and clearly explain things. Thank you Thank you!

[Amanda_The_American_Mom]

Thank you for this. My husband and I did the self employed stuff last year and I have been confused on how to do this. I do housekeeping and he does mowing and handy work. Our customers have been mainly family friends etc. I found out by accident lol that ny work is considered self employed.

[rynelowe]

Definitely helpful, great movie, much obliged my friend!

[kraigj]

Not even finished with the video but Man! What a helpful video, thanks for being solid and helping us all

[sweet_iris]

Thank you, great video. Love the example.

[yourfriendmn]

As an independent musician, thank you so much !!

[jesus-cgjy]

Love all your videos about taxes! I work for a employer and have my own llc self employed business. Since I receive W2 form, do I still need to file Schedule SE? I already pay all federal income, social security, Medicare taxes on w2.
Thanks again

[angelarios]

What can you do for people who are not good with paperwork and record keeping? I never jot down my miles when I go to a job.

[jacobkuiper]

what if i didn't meet the threshold requirements and Venmo isn't going to send me a 1099-k? do i still file schedule c?

[iannavasale]

is the estimated tax thing required? is there always a fee if we choose to only pay once a year at taxtime?

[angelicajaimes]

How do i prepare to do taxes if im freelancing? On my own finding gigs where i live. For example i get paid cash to clean a yard one day, another day i clean a house and so on all are different clients. Do i need to write down each each day what i did and what i made?

[daphnee]

What’s the minimum bonds money is the requirement to put in there? Should I report $1 $2 $3 bonds money on tax return? Today is the last day please help.

[Liuinvest]

For Schedule C, Part 1, where did you get the number 62, 816? Is it from the company Uber/Doordash?

[JayNGO]

So how do I pay social security and Medicare taxes? Just opened business in April. Is that considered self employment tax? Thanks man. Great job. Also I see the second quarter of June 15th is coming up and I only made money in May. How do I guess the % of my income bracket for business?

[EB-fyzr]

Questions, why didn't you deduct the fees Uber and Lyft charges the driver on their Schedule C?

[clara]

Self employed file every quarter. What’s the difference between 1040 c or 1099 NEC

[ErikaVegas]

I have a question. I’m self employed. I’m a housekeeper . I have the same 5 clients every week. I get paid in cash. I do the work myself. I pay for cleaning product& accessories, monthly. I have business cards a second number for work. I pay someone to pick up my son from school& take him home. Gas money is included with what I pay her. Can I include this expense too. Also do I need a 1099

[evonneevonnep]

hello, how did you get the amount $2, 486 on 1040 line 16?

[jl-nrvx]

I'm a handyman, just a guy with no company name who made less than 9k in 2023 and was paid in cash and have not kept much for records. Would I still file a Schedule C if I am claiming no deductions? Do I just file a 1040 and SE form?

[brownsugartiny]

Do you have a self employed video for this current tax year?