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

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 ...

The U.S. Department of Labor’s Wage and Hour Division (“DOL”) under the Trump administration has doubled down on its ...

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 ...

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 ...

Companies that engage independent contractors issue them an IRS Form 1099 for income-reporting ... contractor or withhold or pay employment taxes on the contractor’s behalf (except when backup ...

Independent contractors pay federal taxes on the net earnings they report ... Schedule SE instructs you to transfer the amount to your 1040 form. Your SSI tax liability is combined with your ...

Paying business taxes as an independent contractor can be tricky. You have to file additional forms, make sure you’re paying the government enough during the year and pay a self-employment tax.

For independent contractors, paying taxes isn’t quite so simple ... If you need help calculating your estimated payments, use IRS Form 1040-ES, try our income tax calculator or speak with ...