A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information. Many, or all, of the products featured on this page are from our ...

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 ...

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.

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Complete the Advance Determination of Independent Contractor Form After the Advance Determination of Independent ... and or payment of employment taxes, fringe benefits, etc. The IRS imposes fines and ...

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.