The Small Business Tax Help Blog

Posts Tagged ‘independent_contractor’

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Question: I work as an Independent Contractor, what is Tax liability for 2008?

I did an estimate calculation on the IRS.gov website and it gives me $6000 and I am freaked out about it. Info on my situation:

I work as an independent contractor so I would get a 1099 misc at the end of the year. My total income was about $24000 for the year.

My deductions are from student loan interest ($1600 for the year) and also my laptop which is primarily for work purposes ($1200).

What would my estimate be? PLEASE HELP…having a panic attack here.

Answer: That sounds about right, sorry.

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Question: Should I be classified as a Independent Contractor?

I work for the Kirby company (yes, Kirby vacuum’s) and am considered a independent contractor. We get paid commission from sales but our checks are not taxed. I’ve read in some places that some companies classify employees as IC, when in fact, they are employees under the IRS rules.

So please, tell me your thoughts on this.

Thanks

Answer: Yes, it seems to me that you are an independent contractor...like AVON they are independent sales reps. You have to do your own Taxes. You work for them, but as a contractor...they are giving some of their work to you, and you be your own boss pretty much. They have to mail you a 1099 form at the end of the year, you may want to look into this ok.
Good Luck.

AP analysis: Billions of stimulus dollars didn't affect unemployment

WASHINGTON (AP) — Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.

$283,000 LEAF DUMP Wasting our Tax Dollars & Destroying our Helmer Nature Center/ VOTE NO Tues. 8th