At the end of the year, the employer is required to provide a Form W-2 detailing all wages, and the amount of taxes withheld. As an independent contractor, the employer does not withhold any taxes.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy ...

As an independent contractor, you have a lot of flexibility to determine when, where and how you work. On the other hand, there’s not as much wiggle room when it comes to paying your taxes ...

independent contractors receive Form 1099-MISC. The Internal Revenue Service has strict regulations on what it considers common-law employees. You must withhold taxes, Medicare and Social Security ...

When filling out your tax form as a self-employed worker ... you optimize your strategy when filing your 1099 independent contractor income tax deductions. While hiring a tax advisor may seem ...