January 7th, 2010 by admin
Question: $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 [...]
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January 4th, 2010 by admin
Question: 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 [...]
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January 4th, 2010 by admin
Question: 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 [...]
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November 15th, 2009 by admin
Question: Need some infor on 1099 Independent contractor?
I am a 1099 Independent Contractor and my employer is requiring me to use a time clock, and if I am not here to clock out he write in a time. Can he require me to use a time clock? Can he write in times on my time [...]
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November 3rd, 2009 by admin
Question: 1099 or W2 please help?
my ex husband stared a business in January of last year. I helped him until we slpit up over it in May. He paid me every week just like an employee, but he didnt take taxes out on me, it was a company check hand written. He said he can [...]
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Tags: egregious mistake, estimated taxes, federal income tax, Income Tax, IRS, self employment tax, self employment taxes, Tax, tax bill, taxes
