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Independent Contractor Knowledge Base

Independent contractor? I am planning to be an independent contractor in assisting client company's internal audit process (a.k.a. SOX). I am being paid at a fixed hourly rate, but I have total control of deliverbles, etc. Do I need to obtain special business licenese from government to file taxes as Self-Employeed indendent contractor?
Independent Contractor? I just became an independent contractor and need to know the first steps. I've read that I need to pay quarterly taxes but how? I've already read www.irs.gov 12 times, I'm looking for additional information. Any tips? Any and all taxes that I will have to pay in the state of CA. Including my SS and self-employment. You knw - TAXES!!!
As an independent contractor should I start an LLC? I am starting a career in 100% commissioned sales as an independent contractor paid through a 1099. The business will have general office expenses. Would it be a tax benefit for me to start an LLC and have my checks paid to the LLC.
How does an independent contractor handle taxes? My husband a trucker and considerd and independent contractor. They do NOT take taxes and the like out of his paychecks. How do we go about paying the tax? We were told we needed to file paperwork every 3 months and that we should be holding x amount back, but what paperwork we need to file and how much to hold back is a mystery. Do we have to have an accountant or can we just do this ourselves? ANY information would be helpful. Thanks! We have an accountant now and she is taking care of that aspect AND our household bills-the problem is our morgtage is repetedly late and there have been a few times the utilities have been turned off on us. I was just wondering if we could do this ourselves or if we should just let her keep handleing things? To file ourselves what forms do we need and where do we get them? Does the size of the household have any effect on this??
What are my rights as a independent contractor? I am a independent contractor, My " boss" well "ex-boss" has not paid me for 2 weeks of work that I did. What are my rights as a independent contractor? I know I can not report it to the department of labor because they only handle "employee" claims not independent contractors claims. Someone please help! THANKS!
Can you be an independent contractor without a work permit? A 22 year old from Guatemala without a work permit wants to be an independent contractor and work as a landscaper. He has a driver's license. We run a landscaping company and want to know if we can use him as an independent contractor in the Spring when we have too many customers.
what exactly is a independent contractor and how is it going to affect my taxes? i've been offered a job as an independent contractor. since i have no idea what that was i researched it and it somewhat makes since. but.... how is this status going to change my taxes and what eligible expenses (write-offs) can i expect? i'm not understanding the tax part of it.... is it good or bad? thanks in advance for your time!!
I'm an independent contractor. How much should I deduct from my wages for taxes (federal, state, etc)? I'm currently working as an independent contractor in LA. This is a first for me since I've always been an employee in a company. How much should I deduct from my weekly wages to cover for all the appropriate taxes (federal, state, social security, etc)? I don't want to end up paying a bundle at the end of the year. I've also heard something about self-employment taxes. Any advice? Thanks!
As a independent contractor how can I avoid paying taxes? I don't mean completely... but how can I take advantage of it as an independent contractor? Are there any loop holes? Thanks Texas Girl.... Exactly type of information I was seeking.... I guess I should have just asked for that. :) PS I'm completly honest but ignorant in this area. Wow a 15.3% tax...I hadn't factored that in... but it's not so bad... good heads up!!!
If I work as an independent contractor how do I pay state and federal taxes? If I work as an independent contractor how do I pay state and federal taxes? Please briefly explain each.
As an Independent contractor or business owner what is the max amount of payment that can be received in any? As an Independent contractor or business owner what is the max amount of payment (in any form) that can be received before you have to claim, or file when it comes to tax season.
As an independent contractor, what can I use as a deduction come taxes next year? Could I deduct my car payment? Can I deduct any services to my car, such as oil changes or new tires? I know I can definitely deduct the gas/mileage I use while on the job. Do I need to keep track of how many miles I drive each day for my job? Also, should I keep my receipts for gas? Can I deduct the food I buy while on the job? Please, if any of you are aware of even the smallest things that I should be keeping receipts for, please let me know. I am 21 years old, unmarried, and without children. I am working as an independent contractor, just started a few days ago. I will make about $12500 for the next 6 months remaining in 2006. How much should I set aside to pay taxes next year? I will be doing a lot of driving for the job, so do the deductions that come along with driving for the job make a huge difference? I am worried that I will be stuck with a rather large payment next year and just want to be adequately prepared. Thanks in advance for your help.
How do you start working as an independent contractor nurse? I am an RN and I am interested in starting my own home care business or working as an independent contractor? Is there anyone who can offer me any suggestions as to how to begin this process. What are the legalities? Thanks
What are the legalities of hiring an independent contractor from a different country? I'm thinking in particular a sort of "outsourced office assistant". I've read a couple of blogs from people who've done this, but those who I've emailed have yet to get back to me. So, does anyone know the legalities of doing this? I know sites like Elance do this for an expensive fee, but they cover the legalities by writing the contracts and making sure that this is indeed an independent contractor Not an employee (this is very important to the IRS for taxation reasons). Any advice or help would be much appreciated. Thanks in advance.
What's the difference between employed and independent contractor? Besides from the fact that I get a W-2 form from being employed and a 1099 from being an independent contractor, what 's the difference between them? Benefits and disadvantages? Thanks for your input!
How can I figure taxes for an independent contractor in Texas? This is in Texas so there is no income tax. The independent contracter would earn around $600 every 2 weeks with no taxes taken out. I understand that it is best to file these taxes quarterly, however how would the contractor go about filing them, and how would the contractor know how much they will owe so that they can know how much to set aside each paycheck? The contractor also has another job in which they are considered an employee that pays $225-$250 every 2 weeks, however taxes are taken out of this regularly if this matters at all to the independent contractor job
Can I work as an independent contractor while I wait for temporary disability in California? Around two months ago I was wrongfully discharged for filing a workers comp case. If I work as an independent contractor and earn a little money so that I can eat will I be disqualified for temporary disability? I found a job that I can do that does not violate my restrictions. Problem is I have no idea how much money I would be earning because its on commission. So if I accept the job and earn 10$ one week am I screwed out of temporary disability? I live in California. I heard that I cannot have two sources of income. I know that unemployment encourages you to work and just deducts what you made from your weekly total. Does temporary disability work like this too? Two months with no pay I'm told two weeks after Doctor files paper work I get temporary disability. Where can I get answers? I call workers comp and get a recorded message!! Thank you. Thank you. I did file workers comp and got fired for doing so.
How do you pay an independent contractor? I'm currently an independent contractor working for a company. I get checks from them regularly without tax taken out. At the end of the year they send me a tax stub for the to do my own taxes. I'm interested in forming a small company (outside the field I work) and employ independent contractors in that specific field. How do I go about doing this? What information do I need from them? How do I do the taxes on my side of this? Do I write off the checks I send to my employees as expenses?
As an independent contractor, how much of my income should I withhold for taxes? I will be starting a job for a company where I will be doing my job from home; however, I will be considered an independent contractor. I am just unsure what percent of my pay I should hold for taxes next year.
What do I need to fill out as an independent contractor? I'm a new Independent Contractor in CA for an online company, what forms do I need to fill out or can soemone help guide me through what I need to do legally? I've never been self- employed and need help.
What are my rights as an independent contractor? I am an independent contractor and sell timeshare property. All of a sudden the developer is saying that he can hold our commissions for a year. Also if we leave the company that he only has to pay us 1/2 of the commissions. Is this legal?
Can you collect California unemployment benefits and work as an independent contractor? My brother-in-law lost his job, is collecting unemployment benefits, and now wants to sell real estate as it is his only employment option at this point. Can he continue to collect benefits if he sells real estate after he began his claim? He would be an independent contractor and not an employee. Thank you.
What taxes do i pay as a independent contractor? Lets say im a Independent Contractor (soul proprietorship) in NY state(not nyc) working for a employer in Arizona. Which taxes would I have to pay on my income? ie. federal, state, self employment taxes Also do I have to pay in quarterly or do I have the option to file once a year? Thanks.
How do you file taxes if you are both a independent contractor and a normal employee? I'm a independent contractor for one job and a normal employee for another.
Does anyone know the difference between an independent contractor and someone who is self-employed? I need to know whether I need to get worker's compensation insurance for a live-in caregiver. I don't know whether she is "self-employed" or an "independent contractor," nor do I know the difference between them. Any help out there? Thanks!
How do I file my taxes as a independent contractor for ChaCha.? I worked for ChaCha as an Independent Contractor for 3 months (Sept/Oct/Nov) and made about $900 total. I canceled my account a few days ago because they changed things and suck now. It's the only money I've made in the past 3 years. How much of that do I need to keep aside for taxes? and how do I go about filing my taxes? My mom claims me as a dependent I think... since I still live at home...can I still get a personal exemption?
Is it better to be classified as an employee or an independent contractor? Is it better to be classified as an employee (receive wages on Form W-2) or an independent contractor (receive Form 1099-MISC)? Why? What are the pros and cons?
How do I send 1099s without an EIN?I am an independent contractor and 'hire' sub contractors to complete work. I am an independent contractor who hires sub contractors to do transcription work. Thus I do not have an EIN. How do I send out 1099's without that? I bought the Home and Business edition of Turbotax so I could print out 1099's and have run into this road block. Thank you!
What percentage will I get taxed as an independent contractor at the end of the year? I'll make between $12,000 and $13,000 a year from a second job as an independent contractor. They're not taking any taxes out of my check so I'm trying to figure out how much money I should set aside for tax time. Any accountants/tax experts know?
How are taxes handled differently in a sole proprietorship or just as an independent contractor? I do financial research as an independent contractor for a hedge fund part time. I've done it for about 4 months and haven't set up a sole proprietorship. It is to my understanding that if you do independent contract work you have to file taxes multiple times throughout the year? If I make my job a sole proprietorship will I only have to file when I do my personal taxes? What are the differences between the two approaches? Thanks!
Can an independent contractor receive unemployment benefits? I was recently laid off from work through no fault of my own. The company was simply running out of money. I was re-positioned as an independent contractor (doing outside sales) so i now receive no income. I am paid a commission when I make a sale, but I dont really have a boss. Will I be eligible for unemployment benefits?
Can one independent contractor pay another IC? I currently work for a company that pays as Independent contractor. I have a friend of mine that helps me work and I pay her half of what I make. How would that go as far as taxes?
Are companies who I am an Independent Contractor for required to send me a 1099 form? I have done work with various companies as an Independent contractor. I get paid by the minute for two companies and they take a cut of my profits. Could this be why no 1099 form? I have never received a 1099 from from them like the others and I pay my estimated tax. Is this illegal? Are they required to issue me a 1099? I made more than $600 per year for each company.
Working for an Independent contractor,How much do I claim on my taxes? Working for an independent contractor, they pay me 150.00 an hour with a max of 12 hours per week. How do I figure my taxes on that
Can I apply for unemployment in Michigan after my independent contractor agreement is over? I got laid-off in Michigan and then got re-hired as an independent contractor by the same company the next week. I have at least a month worth of work but nothing guaranteed after that. Will I still be able to apply for unemployment if they have no more work for me after a month or two? In my independent contractor contract it says that the company isn't responsible for unemployment. I worked there for 3 years as a Full-Time employee.
What can I write off on taxes being an Independent contractor? I am an Independent contractor and I work from home. I have a home office set up in which I work from. I use the computer I bought to work from, my internet and phone all for work. I've been told I can write off all three of those, but what else?
I am thinking about being an independent contractor but I need to to know about the tax aspect of it.? I am planning to take over my best friend's job when she leaves in 2 weeks but it is an independent contractor type of position and I want to know the tax side of that before I completely agree. What are the tax rules and what is the best way to handle them?
Can I garnish commissions on an independent contractor? Can I garnish commissions on an independent contractor. If not what can I do as I already have a judgment for a specific amount and the person I have the judgement on has no money in his bank account to levy that. Any help would be appreciated.
How do I get my tax information as an independent contractor? I worked as an independent contractor for a company and that company and I separated. I no longer work for this company but I still need my tax information to fill out my income taxes. What form would my employer be sending to the IRS - would it be a 1099 ? How do I get this tax information? Is my former employer supposed to send it to me or do I have to request it?
I am an independent contractor, I will be selling software. Do i need workmans comp and unemploy insurance? I need to know if I need to pay for wormans comp and unemployment insurance in Utah. I have no employees as an Independent contractor.
I'm an independent contractor so how do i file with no W2? I am an independent contractor in the US working for an over sea's company. I invoice them every 2 weeks, and they pay me by electronic deposit. In the past I paid an accountant to file my taxes. If I want to file myself, how can I to file electronicaly with no W-2?
What can I deduct as a part-time independent contractor? I worked from May to September as an independent contractor. This work was supplemental to my full time job and only required about 10 hours or less a week. I made about $1800 and received a 1099-misc. Can I make any deductions? Such as half the cost of my phone and internet connection (both required for the work) during this period? From what I've read, I can't deduct any workspace expenses because I use my workspace for so many different things. But what about these extra expenses? Any help would be greatly appreciated!!
What is the tax liability for someone that leases a business? As an employee or as an independent contractor? I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an independent contractor?
I am an independent contractor, how much am I really making? I just started an office job, and I am classified as an independent contractor. I found out that I have to pay more taxes as an ind. contractor, my employer told me to save half of my check for taxes! i am being paid $18/hr, does this mean that I am really only netting $9/hr after all is said and done? Thanks for your help! After reading these comments and chcking the IRS website, I doubt I am an independent contractor by definition. I am a recptionist/administrative assistant, I have set hours, do what they tell me when they tell me and how they tell me. The place I work is a high-tech company, def. not a pyramid scheme as far as I can tell, the place is full of engineers.
Can you get reimbursed for health insurance payments if you are an independent contractor? I am an independent contractor (real estate agent) and just wanted to see if it were possible to be reimbursed for my monthly insurance payments. I sell for a developer, but I am not employed by them. Thanks!
What is the difference in cost by using an employee vs Independent Contractor? A company wants to hire me as an employee rather than as an independent contractor. What are the extra costs associated with being an employee? I want to remain an independent contractor.
Is working for independent contractor more bad? than company who files your taxes? which one is more better? Working as independent contractor or is it better to work for a company who files the taxes?
What is the proper way to report income for a tutoring position as an independent contractor? I have been offered a part-time tutoring position. I would be working as an independent contractor. I'm not sure if this would even be a consistent income but I believe that over time I would be increasing the hours I tutor. I'd like to know what is the proper procedure for reporting small amounts of income like this. Would it fall under self-employment where I'd have to pay estimated quarterly taxes. Is there a minimum you have to expect to earn before this is a requirement? Thanks!
How do I separate my jobs/writeoffs for taxes for 3 jobs, 1 an Independent Contractor job? Job 1: Independent Contractor (has writeoffs for gas, office supplies, etc.) Job 2: Employee (has writeoffs for gas, office supplies, etc.) Job 3: Employee Also, I have $1500 in interest for student loans. How do I separate all of these for my tax filing? I work from home as an employee. That's why I have office supplies on there. Also, once I've filled out the Schedule A and Schedule C, where do I total everything up?
How to show employment if i am an Independent Contractor? I work at home for a text messaging service. I'm an independent Contractor. My husband is trying to get a loan, but they asked him if I worked, So they want to see proof of that? How do I show them proof? I just started working less than a month ago, I get paid monthly, So I can't show them like a check or check stub! Any suggestions?
Does an Independent Contractor need to carry Personal Workmen's Comp Coverage in California? I am curious and have gotten asolutely no straight answers at Govt websites. As an independent Contractor / Self Employed person, I wonder if it is required for me to purchase my own Workmen's Comp coverage package. Not is it recommended, but is it REQUIRED? Thanks for any help anyone can shed on this subject.
what tax information do i need to be an independent contractor? I am looking to become an independent contractor, but i am unsure of where to get started and what information I should keep.
what actions can i take against my boss for miss classifying me as an independent contractor? I am an employee and i suspect that my boss is going to give me a 1099.Hes going to classify me as an independent contractor.Is there any actions to take and how should i file my forms this year?and also would h&r block take care of this?
What forms do I need to have completed to be eligable to be an independent contractor for a company? I'm looking at applying for a few independent contractor jobs and want to be prepared if they request I have any government forms filled out to be eligible. Thank you!
what are the laws if your working as an independent contractor? i currently work 2 jobs both as an independent contractor...what are the laws for working like this? what if my company does shady stufF? I know i need to pay taxes thats not what i mean, i guess my questions should be "what are my rights as an independent contractor" any one know of any good websites ?
Whats the difference between a Comcast independent contractor and a regular comcast employee? I was given the number to a comcast independent contractor when I moved into my apartment the other day. Should I call the independent contractor or the regular comcast 1 800 #.
What do I claim on my taxes? I am an independent contractor? I sell advertising for a company. However, I am not an employee of the company - I am an independent contractor. What is my business name for the sake of filling out my taxes?
Does a non-US Independent Contractor need to be issued a 1099 from a US company? Are there any special processes when paying a foreign independent contractor?
I am an independent contractor and invented something- can I patent it? I'm an independent contractor, and while working on work for the person I work for, I invented something. (I am an inventor and have a patent already). I have not shared it with him or anyone else. I know if I was employed by him then the employer has rights to the creations of the employees. However, as an independent contractor, can I patent it or does he still have rights to it? Thanks!
If you are an independent contractor is there a benefit of increasing your income right before retirement? If I am an independent contractor who is planning on retiring in 3 years, will significantly increasing my income for the next 3 years dramatically increase my Social Security Retirement benefits?
Currently drawing unemployment but about to become independent contractor. Can I still receive unemployment? I have unemployment now for a few months, but I'm about to accept a job where I will be an independent contractor in which I will fill out a 1099 at the end of the year for taxes. Am I still eligible to continue to collect my unemployment?
If I was hired as an independent contractor, shouldn't I have had a valid business license? As an independent contractor, if hired by a company, shouldn't there be a contract for the work to be done with both parties signatures and witnessed. If you're using the companies resources ie: vehicles, cell phone and being told to report in every morning, collect paperwork from other IC"s, organize and fax to the owner for billing purposes, does that not make you an employee?
1099-What do I do when I have been wrongly classified as an Independent Contractor? The company I work for hired me as an Independent Contractor. At the time, I didn't really know what that meant, but have since discovered that we were wrongly classified and are truly employees of the company. Now I am going to be liable for a self-employment taxes and other taxes that my employer would have been responsible for. What can I do now to fix this situation? Hi, thanks for answering...what is the EDD?
I worked as an Independent Contractor, how do I claim this on my taxes? I worked as an independent contractor and was paid $891. I am unsure of how I am to claim this income on my taxes. I have other jobs and this was just on the side. Do I need to fill out a special form? Or do I just claim it on a line on the tipical form? Just confused is all.
How do you find independent contractor/bid jobs? I'm wondering if anyone knows where you can find independent contractor jobs or like project jobs that you bid on... My girlfriend works with a guy who bids on various repair jobs, maintenance jobs, landscaping, etc. They're all bid or independent contract and I can't seem to find any and the dude won't tell her where he finds them.
What requirements do I need to be hired as an independent contractor for a UK firm (I'm an American citizen)? The UK company would like to hire me immediately. What is the most efficient way to go about being hired legally (or at least, not illegally) as an independent contractor? Any Web site links would be helpful. Please, no HSMP or "opening up my own business" suggestions, as I don't qualify. The less speculative the answer, the more appreciated (in other words, I'd love to hear from those who have personal knowledge or experience with this). Thank you!
How does one pay Social Security and FICA taxes if they're an independent contractor? I'm a part time independent contractor. The folks I work for give me a lump sum each month. I'll be filing a 1099 w/the IRS at the end of the year. How do I know how much, if any, social security and FICA taxes I'm supposed to pay?
i worked for a company as and installer for 5 years as a independent contractor can i collect unemployment? i worked for a company as and installer for 5 years as a independent contractor can i collect unemployment in the state of nj ?
I am getting paid as an independent contractor and there is no State taxes in Nevada so who do i pay taxes to? SO I AM GETTING PAID AS A INDEPENDENT CONTRACTOR AND THERE IS NO STATE TAX IN NEVADA SO WHERE DO I PAY MY TAXES TOO? PLEASE HELP
Can my S-Corp pay me as an independent contractor rather than an employee? I own an S-Corp and do consulting services through my S-Corp. I am the only person doing any work. Also, I find employment taxes to be a pain in the butt, calculating income and self-employment taxes, making sure I send the payments in on time, yada yada. Would it be ok to just consider myself an independent contractor for my company and 1099 myself at the end of the year? That way the IRS still gets their Social Security tax right, I just don't have to waste time with all the hassles of having an employee... So what I'm saying is, would this raise any red flags, and if I were audited would this be an ok thing that wouldn't get me in trouble?
What will I pay in taxes as an Independent Contractor & Dependent? I am working as an Independent Contractor & I am also a full-time student and my parents claim me as a dependent. I made around $3,000 so around how much will I pay in taxes? I'm just trying to figure out if I will pay more or less being a dependent....Thanks!! :)
Independent contractor with a car not in my name? If my car is not in my name but I use it for work as an independent contractor, do I claim standard mileage or depreciation? I pay for the car and make insurance payments but the car is in my mom's name. I meant, standard mileage or actual expenses? And do I claim depreciation?
Receiving a 1099 while I'm not an independent contractor? I tried to do my taxes but they told me that I will have to pay a lot of money because the company I worked for didn't deduct anything from my paychecks the whole last year. But I wasn't an independent contractor, I worked on a schedule for the company and used their tools also so what can be done about it?
I am an independent contractor, can I qualify for a car loan? I am an independent contractor for a petsitting company, I make pretty decent money and have been working there for a year and a half. I have 2 grand to put down on a car, will I qualify for a loan even though I am not an employee with a set salary?
Should we give independent contractor's phone number to a process server that stopped by? A process server (off-duty officer) wants the phone number of an independent contractor who has done work for us. Am I violating rights by giving it out? or am I required to give it out? Only qualified legal opinions please.
Do I have to report to any government agencies when a foreign company in the USA hire a independent contractor Do I have to report to any government agencies in China when my foreign company located in the USA hires a independent contractor in China. The contractor will not do business expect to give advice to us only. Thank you! Do I have to report to any government agencies in China when my foreign company located in the USA hires a independent contractor in China. The contractor will not do business in China. Contractor will only give advice to us.
If I am an independent contractor, do tax deductions for me reduce taxes owed on a dollar for dollar basis? I make $12k/year as an independent contractor, and I file a 1099. (I'm asking because I am considering purchasing a phone for business use.)
Is there a maximum amount that you can make as an independent contractor w/o paying taxes? I got paid $200 as an independent contractor. Do I have to report this to the IRS next tax season, or is there a maximum amount that one can make without having to report it?(e.g., $400, $1000, etc). Also...although I got directly paid $200, essentially I made -$90. >:( The expenses incurred from completing the project costed me every penny of the $200 that I got paid. In addition, the consequences that resulted from this project resulted in losing hours at work the next day, which costed me $90 from my paycheck. I know I cannot write off the time off from work on my taxes, but the $200 expenses were a direct consequence of going to work on the project.
How do I file if I started 2006 as an independent contractor, but switched jobs (1099-MISC to W2)? I worked the first half of 2006 as an independent contractor, but switched jobs in September and have a W2. I know that i'm supposed to report the self-employed income on 1040, schedule C, but am also supposed to fill out 1040 for my W2 job. How do I combine the two for all of 2006? Is there anything special I need to do? Any other forms? Thanks!
I am planning to be a Fedex independent contractor, but I am wondering how much money they make a year? I would like to know if I will make a decent money as a independent contractor? how much money should I invest in the beginning?
Would they be an independent contractor or an employee? Prudence contracted C&N to build her a house, who then assigned the job to to Shacks-4-U. Prudence was not informed of the change, and didn't notice the new names on the bills, continuing to send payments to C&N. When there was a breach of contract, C&N said they have no liability due to the effective assignment to Shacks-4-U. So, is Shacks an employee, or independent contractor? This will help me determine if C&N can still be help liable? Or could it be that C&N simply assigned duties to Shacks?
Can you legally pay a regular employee as an independent contractor? 1099 question? I am a regular employee that pays all of my taxes...ALL of 'em. I have a boss. He finds the jobs. He bids the jobs. He makes the calls on how to build stuff (I am a marine carpenter). He pays me, and has done so steadily for two years. I have to have liability insurance. If I get injured, I think I'm screwed...I have no personal insurance. How good of a deal is he getting by paying me as an independent contractor? And again, is this legal?
Can someone with a tax id # and no green card work as an independent contractor? I recently "hired" an independent contractor. At the time I thought he was legally allowed to work in the country. Now I know he has a tax id #, but no green card. He was born in Guatemala. Is it illegal for me to pay him? If it is, I don't want to go to jail, what should I do?
I am an independent contractor, how much should i set aside for taxes? I recently got a job as an independent contractor in ohio and file single with no dependents, how much should i keep out for taxes and what can i use as deductions etc... Any comments will be a help. i am paid by personal check and am responsible for withholding all my own taxes he does not match anything he owns the company pays me for working there so is that self employed or ind. contractor
Does anyone know how to figure how much tax I need to pay as an independent contractor? I recently booked a few modeling jobs as an independent contractor and I have never done this before. Is there any easy way to figure how much I owe on the money I made? I just wanted to be sure I put aside enough come tax time. THANKS!!
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