Today TaxMama hears from CJ in Concord, California has an urgent request. “Time is short on this one! Do you have any information about a bill being put before the California legislature tomorrow – (June 22) that would allow the state to have 3% in taxes withheld from payments to independent contractors, independent distributors, etc.? […]
Category Archives: Independent Contractors
Today TaxMama hears from Mark in West Virginia with this problem. “The IRS thinks I owe them money from 1999. I have proof to the contrary, but they say I can’t file a 1040x after 3 years. Even the Tax Advocates told me that. My father acting as my power of attorney filed it through […]
Today TaxMama hears from Kathy in Florida who tells us. “My husband currently works “under the table”.us overnight pharmacy https://buynoprescriptionrxxonline.net/us-overnight-pharmacy.html no prescription We declare his total income and are subsequently hit every year with owed taxes. Would it behoove us to make him a sole proprietor of his own yacht cleaning business? Would we be […]
Today TaxMama hears from Terry in Texas, who has this common situation. “I am an independent consultant for two companies and sell jewelry on the side.buy zovirax online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/zovirax.html no prescription Should I have a separate business account for each business? Or can I have one account; and make sure a have good records?”
Today TaxMama hears from Jim in Los Angeles, who tells us. “I run a trucking business. This will be my first year hiring contractor drivers so I want to know, at the end of the year when I give them a 1099 am I supposed to send one to the IRS with my corporate tax […]
Today TaxMama hears from Brian in Connecticut, who says.buy uk finasteride online www.mabvi.org/wp-content/languages/new/uk/finasteride.html no prescription “I did some work for a guy in 2007.https://www.cinewebradio.com/wp-content/languages/new/custom-writing-services.html He paid me with business checks totaling $6,100.00 with no deductions. He refuses to give me a 1099. What should I do?”
Your 1099 Should Have Been a W-2 Due to the widespread problem of employees getting 1099-MISCs from their employers instead of W-2s, the IRS created a new form in 2007 – the Form 8919. Using this form has saved employees thousands of dollars, while protecting their Social Security records and their tax status. Though it […]
Courtesy of the Internal Revenue Service TT-2008-25 If you receive certain types of income, you may get a Form 1099 for use with your federal tax return. Form 1099 is an information return provided by the payer of the income. The payer should send or provide your Form 1099-series information returns by January 31, 2007. […]
Employees who were misclassified by their employers as independent contractors should use new Form 8919, Uncollected Social Security and Medicare Tax on Wages, to figure and report their share of uncollected social security and Medicare taxes. Find out more in news release IR-2007-203. —- TaxMama Note: “Misclassified” in this case, means – workers that were […]
Today TaxMama hears from Shawn in New Jersey who tells us: “I plan to be an independent contractor working with architectural renderings. My friends in Asia will be actually doing the work. I will be getting the jobs, collecting the fees, and paying the Asian rendering team. How do I handle this for taxes, since […]
Today TaxMama hears from Michelle in Pennsylvania, who has this dilemma, “My husband was working and receiving $300 a week for 7 weeks. He was paid with a personal check. Do we claim that? Because his boss will not be claiming him, I was not sure.https://www.epsa-online.org/wp-content/languages/new/singulair.html Some people told me no; some people told me […]
Today, Nancy from West Virginia is confounded, “My boss sent me a 1099 instead of a W-2.https://www.quaintonhall.org.uk/wp-content/languages/new/proofreading-and-editing-services.html But I was an employee, not a freelancer. What do I do?