0
Your daughter is a college student who made 500 last year and paid no federal tax as she is a student and independent contractor. Does she have to pay taxes on this amount?
Wiki User
∙ 15y ago
Anyone who has self-employment income (this includes independent contractors) of $400 or more in a year must file a tax return and pay taxes. She will owe the self-employment tax, but probably nothing more.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Is it a federal offense to open the mail of an independent contractor that rents space?
the answer is yes it is a federal offense only the person who it is addressed to may open it
Independent Contractor Agreement, Simple?
Independent Contractor Agreement, Simple(Download)_________________, referred to as CONTRACTING PARTY, and _________________, referred to as INDEPENDENT CONTRACTOR, agree:INDEPENDENT CONTRACTOR shall perform the following services for CONTRACTING PARTY:_______________________________________________________________at the following rate of pay:_______________________________________________________________This agreement shall begin on ________________ and shall terminate on _________________ unless earlier terminated.Contracting Party may terminate this contract on ____ days notice to Independent Contractor for unsatisfactory performance.THIS IS AN AGREEMENT FOR INDEPENDENT CONTRACTING SERVICES. THE CONTRACTING PARTY PROVIDES NO BENEFITS SUCH AS UNEMPLOYMENT INSURANCE, HEALTH INSURANCE OR WORKER'S COMPENSATION INSURANCE TO INDEPENDENT CONTRACTOR.CONTRACTING PARTY IS ONLY INTERESTED IN THE RESULTS OBTAINED BY THE INDEPENDENT CONTRACTOR. INDEPENDENT CONTRACTOR SHALL BE RESPONSIBLE FOR PROVIDING ALL TOOLS AND MATERIALS REQUIRED FOR PERFORMANCE OF THE TASKS AGREED TO.INDEPENDENT CONTRACTOR IS RESPONSIBLE FOR PAYMENT OF ALL FEDERAL, STATE AND LOCAL INCOME TAXES.Dated: _____________________________________________________________________________Buyer_________________________________________________Independent Contractor; Federal Tax ID NumberIndependent Contractor Agreement, SimpleReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This document specifies what you can expect from the contractor. Get it signed; keep a copy; and hope for the best. This document is intended for simple contracts not for substantial ones that normally require more detail and backup, and appear elsewhere in this disc.
Independent Contractor Agreement?
Agreement for Independent (IRS Form 1099) Contracting Services(Download)_____________________, referred to as CONTRACTING PARTY, and ___________________, referred to as INDEPENDENT CONTRACTOR, agree:INDEPENDENT CONTRACTOR shall perform the following services for CONTRACTING PARTY:_______________________________________________________________at the following rate of pay:_______________________________________________________________This agreement shall begin on ________________ and shall terminate on _________________ unless earlier terminated.Contracting Party may terminate this contract on ____ days notice to Independent Contractor for unsatisfactory performance.Both parties acknowledge that the Independent Contractor status is valid and that the Contracting Party would not have entered into this Agreement unless the other party was an Independent Contractor and warranted the same to the Contracting Party by signing this Agreement.THIS IS AN AGREEMENT FOR INDEPENDENT CONTRACTING SERVICES. THE CONTRACTING PARTY PROVIDES NO BENEFITS SUCH AS UNEMPLOYMENT INSURANCE, HEALTH INSURANCE OR WORKERS COMPENSATION INSURANCE TO INDEPENDENT CONTRACTOR. CONTRACTING PARTY IS ONLY INTERESTED IN THE RESULTS OBTAINED BY THE INDEPENDENT CONTRACTOR. INDEPENDENT CONTRACTOR SHALL BE RESPONSIBLE FOR PROVIDING ALL TOOLS AND MATERIALS REQUIRED FOR PERFORMANCE OF THE TASKS AGREED TO. INDEPENDENT CONTRACTOR IS RESPONSIBLE FOR PAYMENT OF ALL FEDERAL, STATE AND LOCAL INCOME TAXES.Dated: _____________________________________________________________________________CONTRACTING PARTY BY AN AUTHORIZED OFFICER_________________________________________________INDEPENDENT CONTRACTORAgreement for Independent (IRS Form 1099) Contracting ServicesReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. You are wise to get this agreement signed with independent contractors to protect your interests in any IRS audit. It serves to document the providers role as a 1099 contractor as opposed to being an employee.1. Make multiple copies. Put one in the file kept for the individual service provider and another in your accounting files. Give one to the provider themselves.
457 Retirement Plan?
form_title=457 Retirement Plan form_header=Reach your retirement goals and start planning for your future today! Are you employed by the federal government?*= () Yes () No Are you either self employed or employed as an independent contractor?*= () Self employed () Independent contractor () Neither Are you currently the client of another type of retirement planning service?*= () Yes () No
what taxes do I have to deduct and pay for a part time employee?
According to the IRS website, several taxes must be withheld (unless your employee is an independent contractor). If the employee is an independent contractor you must fill out form SS-8, determination of worker status, which can be found on the IRS website. If not, then the employee is responsible for paying Federal income tax withholding, Social Security and Medicare taxes and Federal unemployment taxes (FUTA). More information can be found at irs.gov/newsroom.
What is the federal mileage allowance for a contractor?
Mileage allowance
Does the federal government need an independent counsel?
does the federal government need an independent counsel and why
Your daughter is 18 and has no credit yet She needs a co-signer for college loans but her dad and my credit is bad what can she do?
If she's going to an accredited college or university then she can get federal student loans. They don't run your credit for these. She only needs to have not defaulted on any other federal loan.
Where can one find federal college loan consolidation?
One can find Federal College Loan Consolidation at several facilities of the Federal College Loan Consolidation located at different outlets of Federal College Loan Consolidation.
How does the courts differentiate between an employee and and independent contractor?
Courts don't make the decision, law does. There are federal DLSE/Dept of Labor Standards and Enforcement, IRS rules, and state mandates providing the definition of independent contractor vs employee. Generally, if you are an employee, you would see tax deductions on your check stubs, and a W-2 at the end of the year.l If you are a valid/legal independent contractor, you would receive a 1099. There are very specific rules for both. The answer above is wrong in every way. Courts often need to rule on whether worker X was an employee or not. How the employer pays you is irrelevant to decisions about whether a worker is an employee. IRS and USDOL rules are the factors that courts follow.
When was Federal Government College Lagos created?
Federal Government College Lagos was created in 1975.
Independent Contractor Notice?
Independent Contractor Notice(Download)You are acting as an independent contractor for ________________________. As an independent contractor, you should be aware of the following:1. At the conclusion of the tax year, a report will be sent to the Internal Revenue Service and other local authorities of the gross amount earned.2. No withholding of taxes takes place. You may have the obligation to pay periodic taxes or withholding towards the same. Please consult with a tax advisor of your choosing regarding the requirements. ________________________ cannot provide tax advice.3. Your Federal Tax ID Number is: __________________________, for reporting purposes.___________________ Date:Independent Contractor___________________CustomerI, the principal officer of Independent Contractor, do hereby indemnify Customer from any additional tax liability should the IRS rule that we were acting as employees or otherwise assess any taxes upon the Customer. This indemnity shall also apply to any state or local taxes that may be assessed against Customer. I make this indemnity both as the Independent Contractor and as an individual guarantor.___________________ ______________________Independent Contractor, Principal Principal as an IndividualSocial Security Number:___________________ Date:WitnessIndependent Contractor NoticeReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This document protects the employer, in part, from IRS, State, and local assessments if the Contractor is found to not meet the then IRS standards for Contractor status. This puts the Contractor squarely on the hook for any assessments. Just as importantly, showing this document to an IRS, State, or local agent is apt to make them move on to another case or investigation since they are “after” companies not individuals. If they find that the “Contractor” must “pay up,” they are apt to move on to other corporations.1. Make multiple copies. Getting notarized copies is always a good idea since revenue agents tend to respect the legal niceties, and, remember, it is for them you are doing this.
