- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Question about consulting / contract work
Posted on 10/9/13 at 2:30 pm to Chris4x4gill2
Posted on 10/9/13 at 2:30 pm to Chris4x4gill2
quote:If your friend follows proper procedure, he will issue you a 1099-Misc in January and you will claim that income on an 1040, Schedule C as self-employment income when you file your 1040 next year. He will send a copy of the 1099-Misc to the IRS and they will look for you to claim the income on your tax return.
what documentation I will need for the IRS come tax time?
You will be responsible for paying both the employee and employer share of payroll taxes in addition to income taxes on the $650.
On the mileage and meals questions, wait for Poodlebrain to teach us.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News