|
|
|
| |
|
|
|
Taxes for people who file 1099 [2007-09-03]
IfI make $1000 a week andI file 1099 at the end of the year how much shouldI save for taxes? I live in Arizona.
Are you an IC with 1099's [2007-07-30]
If you were an IC, then you need to do schedule C (self employed) where you take your deductions from your business gross income. These deductions are completely separate from your personal deductions. If you have absolutely NO deductions, am not sure if you can then just do the SE form to figure out what your your self employment tax is which is your social sercurity. If you do the Schedule C - you then figure what your net income is from your business and pay your 15.75% on your net income which then goes on Schedule 1040 to be added onto your personal income tax. But you should have some deductions, phone, internet, mileage to bank, computer, etc to offset your income.
Patti
Taxes for people who file 1099 [2007-09-03]
IfI make $1000 a week andI file 1099 at the end of the year how much shouldI save for taxes? I live in Arizona.
Can I claim the full Government Per Diem [2007-03-23]
I am self employed and paid via 1099 from my clients. I travel 100% of the time and pay ALL of my own expenses. Since I am new to the self-employed environment, I fail to save receipts. Here is a scenario: If I travel to New York City for a week and stay in hotels for 4 days, can I just take the Government Per Diem of $250/day as my tax deduction ?? OR, do I actually have to write off my actual expenses ?? Problem is, I don't have multiple receipts.
|
|
|