Schedule C and self-employment tax
We accurately report your business income and expenses on Schedule C and calculate your self-employment tax (Social Security and Medicare). Proper categorization means you pay only what you owe.
Self-Employed Taxes
1099 and self-employed tax help for DFW freelancers and gig workers
Whether you drive for a rideshare app, freelance full-time, or run a side business, you need accurate Schedule C reporting, quarterly estimated tax planning, and every deduction you qualify for. Tax Master DFW specializes in self-employed tax preparation from our Lewisville office.
Self-employed taxes
1099-NEC and 1099-K
Schedule C preparation
Quarterly estimated taxes
Home office deduction
Gig economy and freelancer
Independent contractor
Core services
Self-employed tax services we provide
Self-employment income triggers extra forms, additional tax obligations, and unique deduction opportunities. We handle the complexity so you can focus on your work.
Quarterly estimated tax planning
Avoid IRS underpayment penalties by making the right quarterly estimated payments. We calculate your Form 1040-ES vouchers each quarter so you are never surprised at filing time.
Home office deduction
If you use part of your home regularly and exclusively for business, we determine whether the simplified or regular method yields the larger deduction and document it properly for IRS standards.
Mileage and vehicle deduction
Track business miles for rideshare, delivery, or client visits. We compare the standard mileage rate against actual expenses and choose the method that saves you the most.
Gig economy and 1099-K reporting
Rideshare drivers, Etsy sellers, and platform workers receive 1099-K forms. We reconcile platform income, match it to your records, and ensure accurate reporting of tips and reimbursements.
Business entity and LLC guidance
Should you switch to an LLC or S-Corp? We compare the tax impact of sole proprietorship vs. pass-through entities so you choose the structure that reduces self-employment tax.
Deduction checklist
Common self-employed deductions
Many freelancers and contractors miss legitimate deductions. Make sure you are capturing all of these.
Business expenses
- Office supplies and equipment
- Software subscriptions and tools
- Advertising and marketing costs
- Professional development and courses
Insurance and benefits
- Self-employed health insurance premiums
- Liability and business insurance
- SEP-IRA or Solo 401(k) contributions
- HSA contributions (if on a HDHP)
Travel and vehicle
- Business mileage (IRS standard rate or actual expenses)
- Parking and tolls for business trips
- Business travel flights and lodging
- Meals during business travel (50% deductible)
Home office and utilities
- Home office deduction (simplified or regular)
- Internet and phone (business-use portion)
- Rent or mortgage interest (proportional)
- Utilities allocated to office space
FAQs
Self-employed tax questions
Do I need to pay quarterly estimated taxes if I'm self-employed?
If you expect to owe $1,000 or more in taxes for the year after subtracting withholding and credits, the IRS requires quarterly estimated payments using Form 1040-ES. Missing these payments can result in an underpayment penalty.
What is the home office deduction and how do I qualify?
You may deduct expenses for a home office that is used regularly and exclusively for your business. You can use the simplified method ($5 per square foot, up to 300 sq ft) or the regular method based on actual expenses like rent, utilities, and insurance proportional to your office space.
What expenses can I deduct on Schedule C?
Common deductible expenses include advertising, vehicle mileage for business use, supplies, software subscriptions, professional services, insurance premiums, and education related to your business. All expenses must be ordinary and necessary for your trade or business.
Get started
Self-employed? Let us handle your taxes.
Year-round support for freelancers, contractors, and small-business owners across Dallas-Fort Worth.
Visit or call
Phone
Office
150 W Main St. Suite 2A
Lewisville, Texas 75057
Email
In-person and virtual appointments available. Se Habla Español.
What to bring
- All 1099-NEC, 1099-K, and 1099-MISC forms
- Business income records and bank statements
- Mileage log or rideshare/delivery trip summaries
- Receipts for business expenses, supplies, and equipment
- Home office measurements (if applicable)