Question

Difference between self-employed and home-based business?

What is difference between self-employed and home-based business, or is there a difference?

@kmmspicer48 wrote:

What is difference between self-employed and home-based business, or is there a difference?

There really is no difference. You can work exclusively from home and still be considered "self-employed".

Hi kmmspicer48,

Any type of business that you engage in for profit is considered self-employed for IRS tax purposes.

A home-based business could be one example of being self-employed. A business that you operate outside your home would be another example.

If you have other specific questions, please ask!

I hope this information is helpful.

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