I am starting as a certified assistant. I will be paid under the table. I want to know how do I handle taxes. how much of my money should I put away??
2006-11-12 12:36:05 · 5 answers · asked by turtlefrankz 2 in Education & Reference ➔ Preschool
You should probably talk to a financial adviser about this. It might be complicated. Try posting this question in the Business and Finance category. People browsing there may be able to give you better advice on this one. Best of luck.
2006-11-12 12:40:46 · answer #1 · answered by Anonymous · 4⤊ 0⤋
I think you are confusing getting paid under the table instead of being an independent contractor. Independent contractors have employers who give them a 1099 form to file with their taxes. If you are getting paid under the table, your boss isn't turning your income over to the IRS. If you filed, they would wonder where you got the money. If you are an independent contractor who is not having taxes taken out put away about 25% per paycheck for taxes.
2006-11-12 13:14:06 · answer #2 · answered by lolabellaquin 4 · 1⤊ 0⤋
if you are being paid under the table, you are avoiding paying taxes illegally. if you want to file your taxes make sure your employer is aware that you are going to do that, they may not be reporting your salary. I would then contact a H&R Block or the like to see what your next step is.
2006-11-13 05:25:55 · answer #3 · answered by Question Addict 5 · 2⤊ 0⤋
Don't people get paid "under the table" to avoid paying taxes - either the employer or the employee?? Isn't it illegal?
2006-11-12 12:44:45 · answer #4 · answered by LitChick 2 · 1⤊ 0⤋
There are better than all people could choose for to have faith. working a shape enterprise I particularly have adult men get mad as quickly as I ask them to fill out tax papers. they could particularly artwork for rapidly money. people can take a seat there and say that they do no longer do this yet THEY DO. I particularly have viewed people substitute the style of dependents each 6 months to maintain from getting a lot taken out of their exams from a prior activity I worked at. I particularly have viewed others no longer document their taxes. the undertaking lies interior of us as individuals. we don't do issues as we are think do, why could we are awaiting something much less from others entering this u . s . a ..
2016-12-28 20:06:56 · answer #5 · answered by radosevich 3 · 0⤊ 0⤋