 1099 Contractor vs employee salary question - great math/accountant question!? |
Problem:
I interviewed for a job in State A that offered a salary of $40,000 plus Medical Benefits. The estimated value of the Medical Benefits is $6000.
The company then ... |
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 is unemployment money that is paid to some one, tax payer money or my money that i pay into an unemployment.? |
| im wondering if its like tax payer money or if its money i pay into an unemployment account in the event i become unemployed. like a social security acount.... |
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 What is the tax deduction off of paychecks in Georgia? |
| I start a new job soon and I can't remember quite what number my Economics teacher gave us for tax deduction. I kind of want to see how hard they will hit me since I only work two days a week ... |
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 Are alcohol tax and cigarette taxes unfair? |
Hs the taxation of alcohol and smoking have created an ever increasing role in governmental tax revenues. Are minority groups of addicted or dumb people disproportionally taxed on the premise
of ... |
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 Question about gift taxes for a car? |
| I recently won a car (ford fusion 2010 hybrid starting price 27k) in a raffle and in the rules it says "BE REQUIRED TO MAKE A PAYMENT OF TAXES IN THE AMOUNT OF 25% OF THE FAIR MARKET VALUE OF THE... |
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 How long will I have had to work to be eligible for unemployment? |
| I began working as a Educational Assistant around October '09 and I was laid off May '10. Prior to that I have just been a student. Am I eligible as far as the quarter systems go?... |
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 Can my employer tax cash? |
| So I worked for a day this week at my new job for five hours at $8/hr. Payday was yesterday and I got my pay in cash. My question is, can my employer remove tax from my pay if he's giving it to ... |
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 Unemployment Benefits? |
| I am moving out of state (from NJ to FL), and need to collect NJ unemployment benefits until I find employment in FL. I have worked continuously for the past 3 years with same employer. I am moving ... |
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 Can i claim the homebuyer credit if it is also an investment property? |
| I purchased a 4 plex that is also my first home purchase but not my husbands. While we were married he purchased a home but it is only under his name. We are still married but we have separate ... |
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 Does my step mom benefit financially (income taxes, social security, ect.) since she is married to my Dad? |
| This story is just to give you all an idea of why i am asking this question but if you don't want to read it just scroll all the way down to the question but you will be very interested in my ... |
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 What is the Making WOrk Pay Credit......? |
| how much salary can a person make and STILL obtain the MWP credit.... |
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 State refunded me what I owed and paid with my amendment tax form.? |
| I found out I forgot to include my interests from my bank in my tax return 2009, so I paid what I owed to Federal and State using Amendment tax form 1040X before April 15th, 2010. Both Federal and S... |
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 Employer pays employee as contractor (no FICA). How will the IRS react? |
| I'm working for a sole proprietor. I don't meet any of the criteria for a contractor except that it's a short-term job (3 months), but the owner pays me as a contractor, using ... |
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 I need w-2 from 2004? |
| I am trying to get an unclaimed check from the state for a place I worked at in 2004. I need proof I worked there at that time and am trying to do that through the IRS but the automated system said I... |
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 When you move to another state in the middle of the year, what are your state tax liabilities? |
Do you owe all your state taxes to the first state, the last state you moved to, or do you owe a proportional state tax amount to ea
Additional Details
each state. (Yahoo truncated my ... |
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 question about the "declared value" ? |
| Hi , I've recently ordered something to be shipped from china to israel , the shipper asked me to confirm in a declared value of USD 250 , what does this mean ? Does that mean i have to add USD25... |
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 List of states that charge sales tax on downloads? |
| Where can I find an Updated map or litst of all the states that charge sales tax on downloads eg. ebooks, music, clipart. Preferrably a gov website.... |
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 registering my bussines on Ebay-will I lose my Tax credits? |
Hi
I`m currently registered with I Revenue as a part-time self employed cleaner however after having my 3rd child recently I decided I no longer want to work away from home
My ideal ... |
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Jeff | Question regarding Taxes and Tax ID for online selling.? |
Hi there,
I am 17 years old and on my way to starting an online website selling car parts.
The website I am trying to get affiliated with is asking for a Tax ID.
Questions:
Am I able to get a Tax ID, or should I just use my SSN#?
Also, being 17(still a minor) how would I file for taxes being an affiliate?
Sorry if these questions are to shallow, but at the moment this is all that runs through my mind.
If this helps I live in Louisiana, USA.
Please only give answers which you are certain about and refrain from spam.
All helpful answers will be greatly appreciated.
Thanks.
Additional Details
If the site doesn't ask for a DOB, then could I just fill in my SSN and use the website or must I be 18?
I am trying to find some way to kick off my online entrepreneur ship and I have found an affiliate which supplies the products I need.
I just need to know if I can just sign up with my SSN and be safe(not liable get in to much trouble if things go south) |
 |
 
Smiling
|
A SSN can act as a Tax ID. Unfortunately, as a minor you can't sign a business contract which is what this would require.
You can wait until you are 18 to open the business/account. Or have your parents start the business now and "purchase" it from them when you turn 18.
There are multiple ways to pay taxes and pros/cons of each - sole proprietorship, S-corp, and LLC would the most common that someone in your position would use. |
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Jss
 |
For tax ID you can use your SSN.
Even minor must file tax return if income exceeds the filing requirment. It may be treated as self employed income. You must file tax return if the income is $400 or more. |
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tro
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they probably want an EIN which you get from IRS but you really don't need it unless you are paying employees which is unlikely
if they will not accept your SS#, then it is a simple thing to request an EIN from IRS
actually until you turn 18 they probably cannot legally work with you since you are not eligible to enter into any legal contract |
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StephenWeinstein
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1. An SSN is a type of tax ID. The other two types of tax ID's are for businesses and foreigners. An SSN is the only type for individual human citizens of the U.S.
2. You would file for taxes in exactly the same way as if you were 18. There is absolutely no difference.
3. This site could be a scam run by identity theives who are just trying to get your SSN so that they can steal, and are not really selling anything. Make sure it is legit before you give them your SSN. |
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