Must a freelance translator (working in the US for the American translation agencies) pay a self-employment tax (file schedule SE) and an income tax (1040 and schedule C or C-EZ) or the income tax only?
This all (self-employment tax plus income tax plus state tax) makes about 40%!
I asked this question (and many others) to IRS, but the answer is not clear for me:
“A Resident Alien of the United States has the same liability for Social Security and Medicare taxes as a United States citizen does. You should file schedule SE with your tax return.”
Maybe I asked too many questions in one letter and they did not find out that I am a freelance translator or maybe it’s true…
[Edited at 2004-01-27 21:08]
[Edited at 2004-01-27 21:30]
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
To report site rules violations or get help, contact a site moderator:
Translation Office 3000 is an advanced accounting tool for freelance translators and small agencies. TO3000 easily and seamlessly integrates with the business life of professional freelance translators.
Manage your TMs and Terms ... and boost your translation business
Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.