How to Fill out Schedule SE (IRS Form 1040)
How to Fill out Schedule SE (IRS Form 1040)

Learn how to fill out Schedule SE in this video. Schedule SE—also known as IRS Form 1040—is how self-employed individuals pay payroll, medicare, and social security taxes. If you’ve earned over $400 in the past year and are a freelancer, sole proprietor, partner in a partnership, or member of limited liability company, you must fill out a Schedule SE. For our complete guide to self-employment taxes, visit: http://bit.ly/2ZmXwjI Our video covers: Who must fill out Schedule SE (0:26) Calculating self-employment earnings (1:02) Schedule SE flowchart (2:20) Section A: Short Schedule SE (2:50) Section B: Long Schedule SE (5:02) Section B Part 2: Optional Methods to Figure Net Earnings (8:38) In this video, we provide a basic overview of filling out Schedule SE. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances. Subscribe to our YouTube channel for more videos on how to help your business succeed! http://bit.ly/2LhY8nb Want to discover what financial options are available for your small business? Using Fundera’s proprietary technology, you can apply for financing with over 30 different lenders with one application, at no cost whatsoever. Get started today: http://bit.ly/2r47nhh.