huh?

Posted By: Bored IC MT on 2008-01-31
In Reply to: see link inside - sm

I was always told IC & SE were the same, tax-wise. As an employee your company takes care of the taxes but as IC/SE you would have to take care of all the taxes (MCR, SS, etc). Am I missing something? Here's a link to the IRS distinguishing these: http://www.irs.gov/businesses/small/article/0,,id=115041,00.html

Complete Discussion Below:

marks the location of current message within thread

If I become an IC from SE, how much more.. sm - TNMT
- Once again - Patti
- see link inside - sm
  - huh? - Bored IC MT
    - I think we're saying the same thing - sm
    - the link above - sm
    - IC - pay own SS; SE - employer pays half SS (NM) - AgingMT
      - Really Confused now - Bored IC MT
        Doh! I thought SE was statutory employee. Sorry! NM - AgingMT
        lol - jlo

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu

Other related messages found in our database