 "Where's my Stimulus Payment?" , could someone please set something strait for me? |
| I have checked this and it still is showing now info for us. I have heard some say that you should be seeing your info BEFORE you get your refund? And that it shows the date and everything. Has ... |
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 Do employer's have to pay taxes? (from their own money?)? |
I know they pay the IRS a percentage from their employees paychecks... but do employers have to pay taxes of their own?
If so, what %? (for Los Angeles, California)
If I hire an ... |
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 I have $25,000 in medical expenses from 3+ years ago, can I claim these on my taxes? |
| I had surgery back in 2005 and the insurance I had refused to pay it, so now I have $25,000 in collections. Is there anyway to put these on my taxes now, or should I have done it back in '05? I... |
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 Do you think we pay to much council tax??? |
I do! why dont we brits stick together and get rid of it like we did with the poll tax back in the 90's.
This GOVERMENT SUCKS.
Additional Details
I live on the south coast and ... |
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 How do you figure sales tax on an item? |
| I just started selling avon and its 7 percent here where I am in Nebraska. How do I figure in sales tax for my sales?... |
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 Money Question? |
| What qualifies income as taxable income? What if I was just given $30,000?... |
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 Babysitter will not allow me to claim her wages on income tax...what should I do? |
Additional Details
This is in response to "W", the person that asked me to define babysitter:
Why should I have to define "babysitter"??? It already has a ... |
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 Has anybody actually gotten their Tax Stimulus? |
just wondering?
Additional Details
mine is 84. my moms is between 00-20 and she doesn't have hers either??... |
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 INHERITANCE - Help required.? |
My Grandparents are both in their 90's and have stated for a long time that they wish to leave their house to my wife and I when they die.
My uncle (their son) has said that he will ... |
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 If i'm single, rent, no dependents.....etc, does it matter where get my taxes done? |
| in the past 3 years, i did my taxes online (hr block) twice and went to jackson hewitt last year. i'm a single male, rent, no military background, i don't expense anything (at least i don&#... |
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 Filing late income tax returns for a deceased father HELP PLEASE!!!? |
| My father recieved a letter from the IRS stating that he did not file taxes for 2006. Actually I have the letter because he passed away in October of 2006. I did not file after getting advise from ... |
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 Anyone know about capital gains tax? |
I bought a house for my Mum & Dad to live rent free in their retirement. Both have now passed on, leaving me with a house to sell.
Will I have to pay CGT on the profits? Purchase price was ... |
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 Getting screwed by the I.R.S. help? |
| 2001 i owed 1k , 2002 owed 3k and 2005 owed 1k. did not recieve my first letter until 2004 stating i owed. have been recieving letters requesting payment in amount of 10k as of january 07'. rec&... |
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 Stimilus check question... please help!!!? |
| When I go to the status thing on the website for the IRS it says how much our rebate is and when it is supposed to be deposited, but it also says at the bottom, please note, you may receive some or ... |
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<3 | Do I have to pay taxes? I am a webcam model and I work for a company as an independent contractor? |
I work on their website and they send me a check every 2 weeks for 1200 |
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linda
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you will receive a form 1099 listing all your earnings for this year your will have to pay federal and state income tax, FICA, self employment tax on this money. Be prepared this will be about 30 to 35 percent of your total earnings due when you file your taxes. |
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Leslie K
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Any time you earn more than $600 in a year from a company for services rendered (even as an independent contractor) the company has to report it to the IRS and send you a 1099 form. This is for their taxes too. They have to list all expenditures and who they paid for services.
The 1099 form will have your social security number on it and the IRS will know that you earned money and expect you to file your taxes.
Most paid employees have a certain amount "withheld" from their paychecks and sent to the IRS and State towards their income taxes. This way they have "pre-paid" for them a little bit out of each paycheck. When they file their taxes sometimes they find they have overpaid and get a refund. Sometimes they have underpaid and owe a little bit more.
Unfortunately for you, as an independent contractor the company is not withholding for your taxes, so you're going to have to pay everything you owe. You can estimate about 25% to 30% of what you earned all last year.
The IRS will set you up on a payment plan, and most states will too. But if you don't file your taxes you will accrue penalties and interest on the unpaid amount, which will kill you financially. So I'd file and try to make payments. Then next year take about 25% of what you earn and put it in a savings account towards your taxes.
Good luck to you! |
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Rick B
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Of course you have to pay taxes. They are not witholding any, so you have to pay ALL the taxes. |
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Meneses
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Yes you have cos' you aren't part of the company, otherwise the company would pay them. |
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Mrs Apple
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Any income needs to be filed on your tax return. You're considered as a 1099 contractor. You're responsible to pay all taxes that's owed during the year. |
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goobar121
 |
you certainly do....all income is taxable
im sure you will receive form 1099 to show how much they paid you during the year |
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Othniel
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Yes, they will also issue you a 1099 misc and report that data to the IRS. You need to pay estimated taxes every quarter. Go to IRS.Gov and download the forms. Be prepared to document your legitimate business expenses at tax time when you fill out your schedule C. You will also pay both sides of FICA . |
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Judy1
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As an independent contractor, you have to file a return and pay taxes if you make over $399 in a year. You'll need a form 1040 and a schedule C or C-EZ, and schedule SE.
Why would you think you didn't have to pay taxes? You are making income.
You'll pay income tax, and also self-employment tax which will be around 15% of your total income. To avoid penalties for underwithholding, you need to file quarterly estimated returns using form 1040ES.
Depending on where you live, you might also owe state and/or local income tax. |
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v b
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I think this is a planted question....
The poster is claiming she makes $30000 a year and she thought it was somehow tax free??? |
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