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The link below is, most likely, the form you are looking for. A quick web search would suffice if this is an incorrect form or format. http://www.irs.gov/pub/irs-pdf/fw9.pdf
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What are the benefits of being an independent contractor?
The main benefit of being an independent contractor is freedom. Other benefits include tax benefits.
Responsibility for the 1009 Tax Form?
The employer has the responsibility for filing the 1099 Tax Form and not the independent contractor. If you are the independent contractor, you do have the responsibility of making sure that you have kept records of your income and that you do not under-report them. For the employer who does not file the appropriate form, they will receive a fine from the IRS. There are employers who do not want the IRS to know they have hired independent contractors. But it is illegal for them not to report. Both sides should keep dependable records.
What form do you need for a contractor to do work for a church that is tax exempt in New York state?
Ask the Contractor an if they don't know it is time to find a competent contractor.
Are payments made to the IRS while working as an independent contractor counted as a deduction when filing taxes?
No. They are counted as "estimated tax payments" which is line 63 on tax form 1040.
Why do we have to file 1099 forms at tax time?
Form 1099 is a tax form that has to be completed by anyone who pays an independent contractor during the course of his business. This information can then be cross-checked to ensure that contractors are declaring all of their income to the IRS.
What tax form an independent contractor files?
When you work for a company, or an individual for that matter, as an independent contractor, and earn income of $600 or greater, they are required by law to provide you with a Form 1099. You will use this form as you would a W-2 when you file your Form 1040 to the IRS at tax time. When you are ready to file, you will see a line on the Form 1040 that asks you if you have any other income. This was line 21 on the 2009 form. Depending on the work on your circumstance, you may also be required to file schedule C, CZ, E, F, or Form 4835. I recommend consulting a tax professional before filing your tax return. Good luck!
Who should fill out a 1099 misc form?
Anyone who has done any work and been paid for independent contractor work needs to fill out a 1099 misc tax form in order to be taxed properly by the IRS.
Can you file your personal income tax your business income tax separately?
Not as a sole proprietorship, independent contractor or self employed taxpayer. You would have to use the schedule C of the 1040 tax form for this purpose. If your Business is incorporated or a entity with it's own tax ID, then you will have to file separate business income tax return.
What is the best way to gift or give a powerful computer to an independent contractor and keep them independent tax wise of course if at all possible you would like to keep some strings attached?
The best way to give a to an independent contractor is to wrap it nicely put your contact information and then send it to him.
What tax form does an independent contractor file?
Your income and expenses should be reported on Schedule C of Form 1040.ANSWER: Are you a licensed contractor? If you are then you were made to go obtain a Taxpayer Identification Number or 'TIN' in order to obtain that license and as such the above answer is applicable. If you are not licensed by any state to do business how you see fit then you do not have a "TIN" to identify yourself as one who has been made liable for any income tax and subject to any income tax law. If you are not identified by your own voluntary assessment as a taxpayer as specifically defined in the code then what makes you think you are liable for any tax that require you file a form?
Is an independent contractor required to file income tax quarterly?
Because you are not having tax withheld you may have to file estimated tax payments quarterly. For specific information see: http://www.irs.gov/publications/p505/index.html
Where to find an income tax form 1040 online?
There are many place you can get your 1040 tax form, To get your tax form in person you can get at your local library or post office. To find your 1040 tax form online you can find at irs.gov
