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You are a small business owner if you own a small business. You are self-employed if you operate a business where you are the business, such as: Freelancers. Consultants.
There is no W-2 self-employed specific form that you can create. Instead, you must report your self-employment income on Schedule C (Form 1040) to report income or (loss) from any business you operated or profession you practiced as a sole proprietor in which you engaged for profit.
Report your gross and net income (or loss) from self-employment income on lines 13499 to 14300 of your return. If you have a loss, show it in brackets.
Report your gross and net income (or loss) from self-employment income on lines 13499 to 14300 of your return. If you have a loss, show it in brackets.
The most commonly used ones are ?Contractor?, ?Consultant? or ?Freelancer?. Another way to go is to write President, CEO or Company Owner, but in that case you really need to have something to show. Once you are done with that, you need to include a company name.