English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I work for a firm as a contractor. I do not have taxes taken out of my checks. I also have not received a W9 or any tax info. My boss said he did not report me, but I am worried about this. What should I do about this? I have worked here 2 1/2 years. I dont know how much I have made....

2007-01-09 05:18:12 · 8 answers · asked by deedoe 1 in Business & Finance Taxes United States

8 answers

For those of you who don't recognize this, we have here an illegal alien who wants to pay taxes. W-9 is a request to get a taxpayer ID number (to use in place of a legitimately issued social security number).

These are the illegals we want to keep. They are fair minded enough to want to strive for legitimacy, and they contribute both to our economy and our tax base.

Sir, the reason your employer doesn't want to report you as an employee is because he doesn't want to pay his share of social security taxes or all the other employer taxes he's responsible for. If you report yourself as his employee, you might lose your job.

Here's what you do:

Send in your own W-9 and request a taxpayer ID. You can use an address in the US, Canada or Mexico. When you report your income for the year, since you have no W-2 from your employer, just report the total you received. You're not required to go through your employer to do this.

(Just keep in mind that you'll be required to pay social security tax, as well--7.65% of the total. Dependants living in Mexico and Canada can be claimed on your form if you want to reduce your taxes. Just come back here and we'll help you when you get your id number.)

(Some of the advice you've received includes seeking professional tax help. Not necessary. There are tax professionals here at this web site. I worked for the IRS for 3 years myself, and I recognize in the advice of others that they know the rules. This is not as complex as they're making it out to be. For example, Bostonian has claimed to be a CPA from Boston, but he's telling you to go to a tax professional. If a CPA is not a tax professional, he needs to surrender his license. CPA's are required by the AICPA to maintain their education and remain current with tax laws.)

2007-01-09 05:36:41 · answer #1 · answered by Anonymous · 0 1

Did you get a 1099 from your boss, that's the form a company would generally use to report money paid to you for work performed as a sub-contractor? If so he has reported your income and you'll need to file. Otherwise he/she may not have reported any income, in which case it's like you've been working for cash "under the table", and that money has not been reported to the IRS. To be on the safe side, you may want to contact the IRS directly with a hypothetical question about your specific circumstances and get their advice (of course they'll tell you to pay up). I'm not a tax expert, nor due my comments suggest what you should do one way or another...I would however suggest that you discuss this with a tax lawyer or tax preparation company.

2007-01-09 05:35:17 · answer #2 · answered by Mark L 1 · 0 0

Isn't it nice your boss isn't going to report you. He is required to provide you with a 1099 if your pay was $600 or more.

You received payment by check, so your boss has those records. Ask for them and then take that information to a preparer and they can do your returns without difficulty.

If you have received $400 or more net profit as an independent contractor then you are required to file and pay self-employment taxes in addition to income tax.

2007-01-09 06:44:07 · answer #3 · answered by ninasgramma 7 · 0 0

You need to consult with a tax attorney or CPA immediately. This is NOT a case for the storefront tax prep mills.

You don't get a W-9, you give W-9s. The purpose is to provide your TIN to anyone who needs to make informational returns to the IRS.

You should have received 1099s from the firm that you provided services to. They will be in hot water for not sending you those -- the deadline is Feb 15th for sending them out. You're going to need to demand them for the previous years in order to file the returns for those years.

Depending upon the work you are doing it's possible that the IRS will rule that you are an employee, not a contractor. That is getting a LOT of abuse these days. The impact for you will be that taxes will be withheld from your wages and your "employer" will be nailed for failure to withhold and deposit payroll taxes.

The impact for the years that you have not filed yet will be signifiant tax liability along with penalties and interest since the due dates for the taxes and will be computed from the due dates of the 1040ES estimated payments that you have not made.

As I said, you need a tax attorney or CPA immediately.

2007-01-09 05:35:02 · answer #4 · answered by Bostonian In MO 7 · 0 0

Your "boss' is required by law to provide you a 1099 if you made over $600 per year. Ask him to provide you with the totals he paid you each year. You will then need to file a Schedule C, to report income for self employed individuals. I would suggest you use a tax service because it can be complicated.

2007-01-09 05:28:23 · answer #5 · answered by terpfan2357 1 · 0 0

i don't understand if those numbers are something like precise, probable not. yet social risk-free practices advantages are calculated with a relatively complicated formula, yet while she has no income in what could have been her final working 365 days, her advantages could very probable be smaller. And in case you're speaking a pair of retirement plan, not ss, advantages are very nearly constantly calculated consistent with time worked. So sure, not working that final 365 days is in all probability to shrink her retirement pay. in actuality, she's making plans to retire at sixty one, not sixty two, meaning much less paid IN, so much less available to be paid OUT.

2016-10-30 10:49:17 · answer #6 · answered by Anonymous · 0 0

I would advise contacting a Tax Professional immediately. It is imperative that you receive correct tax help. A professional can guide you to all the steps you need to take.

Good Luck
Don't Delay.

2007-01-09 05:22:50 · answer #7 · answered by Wood Smoke ~ Free2Bme! 6 · 0 0

you should give the irs a call...they can be helpful at times...
request you wage income earned from previous years...explain your situation...
you are entitled a refund, if due, and can claim it from as far back as 3 years ago...
if you owe...you owe...they'll come after you until you pay...

2007-01-13 04:45:24 · answer #8 · answered by trystanq 2 · 0 0

fedest.com, questions and answers