Been IC'g for 10 yrs - have to pay SS twice!

I think you need to just speak to a CPA.  As for receipts, I keep all receipts.  Come the 1st of January, I sort all receipts out, plus I use an accordian for all bills paid.  I then do a ledger sheet on my own (pre seeing the CPA) and write all those receipts/bills down.  Whatever is work-related, I submit from that ledger sheet but typed up nice and neat.  I bring NO receipts to the CPA.  I bring the 1099s and a W2 from someone else I work for very part time.  I bring all legal IRS-requiring documents that arrive.  I do a schedule C (the CPA does it) for the IC part and a 1040 for the W2-W4.  One should keep the receipts for a certain number of years (I think 3 or 7 but I keep them all - lots of boxes of finished taxes in my closets *lol*).  Just in case I ever got audited, I kept it all and still am keeping it all.

HTH (hope that helps) and best of luck!! 

• New to IC - MuddledMT
  • I have worked for companied in a diff. state - sm - XXX
    • brain is not working, the 15% was only the SE tax- sm - XXX
  • Been IC'g for 10 yrs - have to pay SS twice! - the SS is doubled so to speak....sm
  • You pay your home state tax, whatever percentage that is. You can claim - migraine
    • just like me to forget something.. - migraine
      • Thanks so much!! nm - MuddledMT

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