There are two compliance that you would have to complete while paying your self employed tax, namely, filing the Form 941 and filing the Form 1040 Schedule SE. The Form 941, is an absolute necessity which you would have to complete, especially if you have employees working for the business other than yourself. The Form 941 is to be filed on a quarterly basis and the taxes which have been withheld, have to be paid through the Electronic Federal Tax Payment System (EFTPS), for which you will need an Employee Identification Number (EIN), and Individual Taxpayer Identification Number (ITIN).
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