Hello friends!
I'm an independant contractor for one company only. From looking around the internet, it seems that I need to file a 1040 as well as a Schedule C and SE?
But I don't know.
Thanks for any help!
2007-01-29 06:39:52 · 4 answers · asked by the nothing 4 in Business & Finance ➔ Taxes ➔ United States
You will have to file the schedules you mentioned. You will need to file the 1040 long form.
As an independent contractor you also get to deduct one-half of the self-employment tax on the front of your return as well as 100% of health insurance you pay. You could also set up a SEP-IRA and deduct a contribution to that type of retirement account on the front of your return also.
2007-01-29 07:07:29 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
That's right. File 1040; Scedule C and SE.
2007-01-29 07:23:41 · answer #2 · answered by Weetie 3 · 0⤊ 0⤋
If that's all you have, $19000 a year, then you quite will owe: SE tax of $2700 earnings tax of roughly $900 For a finished of roughly $3600. so which you extremely could be sending in $900 1 / 4 to circumvent owing next April.
2016-11-28 03:13:48 · answer #3 · answered by ? 4 · 0⤊ 0⤋
You are correct.
2007-01-29 06:44:04 · answer #4 · answered by Bostonian In MO 7 · 2⤊ 0⤋