Taxpayer asks: I’m an independent contractor using 1099s. I have one w-4 for a small amount from 2009. I missed the tax deadline and did not file an extension. What kind of advice can I get? I live in CA but need some general direction. Taxgirl says: File. That’s my advice in a nutshell. One…
Earlier this month, I posted on WalletPop that tax audits were on the rise. I know – not just because the IRS has admitted as much (they have) or because I’m seeing an increase in audits at my practice and with my colleagues (I am) – but because I’m finding myself on the other side…
Taxpayer asks: Hello, I am an independent contractor and work with teachers. If I purchase gift cards to award those that completed required assessments by the deadline given. Can I deduct the cost of these gift cards? I would appreciate any information you can provide. Many thanks, Taxgirl says: I love this question because it’s…
Taxpayer asks: I own a S-Corporation. If I receive a project from my client and want to subcontract a part of it to another company, where do I show that expense on my business tax return? In deductions, there is a place to show 1099 subcontractor expense. However, this is not really a 1099 sub….
Taxpayer asks: Hello Taxgirl,I have a simple, yet complicated tax question. I worked for a company last year for the first 5 months, then for the last 7 months I was self- employed. Do I file two separate forms? Anything you can tell me I will greatly appreciate.Thank you, Taxgirl says: Here’s a lawyerly answer…
Taxpayer asks: Hi Kelly, Here is the situation i worked for a doctor’s office for two months and she informed me that I did not need to pay taxes because I was a temp. Ten months after I left the job she started asking me for my information because she said the tax laws have…
Taxpayer asks: I was working as an independent contractor in this small company. At that time, I was getting paid with no taxes being withheld. I assumed I was getting paid under the table, but 6 months after I stopped working there I received a phone call from them asking for my SSN. I did…
Taxpayer asks: Aloha Do I have any liability if I issue a 1099 to a contractor but they fail to report it or file their taxes? Thanks for your input. Taxgirl says: Nope. Your job is done so long as you properly and timely issue the form 1099 to the independent contractor and file the…
Taxpayer asks: I left my job as an editor at a media company, but continue to do some freelance work for them. When I submitted an invoice, I was told that for tax purposes I couldn’t be paid by them as an independent contractor in the same year that I was an employee. This means…
Taxpayer asks: Hi, I have a question, I’m hoping you can help me resolve my issue. My husband recieved a 1099 Misc form as his only source of income, but we have be told that he has to file as self-employed been he has to file a Schedule C form, but our conflict is that…