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Question: Im negotiating a contratct to work as a 1099 employee. Can I use rent, cable, cell, clothes cost as deductions?
Let’s say the company agrees to pay me 4000 a month gross pay after deductions where do you think my net pay will be? I need to net at least 3500 a month to pay [...]
Tags: 1099, business, contract work, contractor, employee, employee 1099 form, gross pay, income subject, self employment tax, taxes, who receives a 1099Question: $2,000 tax on $8,000 income?!?
I recently became a self-employed Pilates instructor (because there is no other kind), and am preparing my self-employment tax forms. I have estimated that I will make $8,000 for the second half of this year. And after calculating the honest way, my taxes owed on this [...]
Tags: egregious mistake, estimated taxes, federal income tax, Income Tax, IRS, self employment tax, self employment taxes, Tax, tax bill, taxesQuestion: Self employment taxes–send quarterly payments to the state OR federal gov’t?
I realized my accountant gave me two different forms (the 1-ES and the 1040-ES). I’ve been sending quarterly payments to my state (using the 1-ES) but NOT the federal government. The checks I’ve already sent have been cashed.
This is the first time [...]
Tags: estimated, forms, IRS, proviso herald, self employment income, self employment tax, self employment taxes, social security and medicare, Tax, taxesQuestion: How do I pay taxes as a new 1099 employee?
I’m a new 1099 employee. How do I file taxes–quarterly? What’s the first step? I’m new to this. I receive a paycheck every week, but since I’m not full-time, my employer doesn’t take out any taxes. What do I need to do to report [...]
Tags: business, career, deductible expenses, IRS, irs gov, pfw, self employment tax, self employment taxes, Tax, taxesQuestion: Tax Question – What is a IRS Form W9 or a 1099? (10 points for best/first answer)!!!?
Hey everyone. I am over 18, but have never filled out a IRS Form W 9, which you have to do to enroll in the WCP program to make money on eHow.com. My parents do all the taxes [...]
Tags: 1099, accounts payable best practices, business, irs form w9, self employment tax, social security number, Tax, tax id number, taxes, w2
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