Thanks for the tip! I really appreciate it. On Wed, May 29, 2019 at 10:26 AM wrote: > If you are working as a freelancer / contractor you should get a 1099 each > year. I think the government becomes aware when they get the 1099 the year > after your earnings. > > Several gotchas > > 1) you will pay 15.3% for social security / medicare because you are the > employer and the employee. > > 2) you may be required to make periodic tax and social security / medicare > deposits or based on how much you make you might only be required to pay > when filing your taxes. > > I prefer depositing what I owe monthly. I think this is the website that > you can go to, set up an account, and make your payments: > https://www.eftps.gov/eftps/ (it has been a while) I prefer depositing > monthly because I do not want to have a dry spell and then owe taxes as > well. I even over pay so I get a refund. You do not want to owe $2000 > .... $6,000 or more at the end of the year and not have it. > > You should read https://www.eftps.gov/eftps/ contact the IRS with any > questions (be prepared for a long wait time) and talk to an accountant. > > As someone said, as a 1099 you can deduct a number of things you > normally do not such as your cellular phone, use of home, hardware and > software purchases, internet costs, office expenses.... etc. Check with > your accountant. > > Be very careful... you do not want to get into a snag. > > > > On 2019-05-29 06:58, Michael wrote: > > thanks > > > On Wed, May 29, 2019 at 9:54 AM Andrew McRobb > wrote: > >> Got it. That I'm not sure about since that's kind of a grey area in my >> book. Idk if someone on here can chime in on that, or maybe a question for >> a accountant somewhere. Just dont want to give you false information. >> >> On Wed, May 29, 2019, 6:50 AM Michael wrote: >> >>> oh I was going to pay my taxes I was just hoping I could say I earned it >>> in July rather than june. >>> >>> On Wed, May 29, 2019 at 9:45 AM Andrew McRobb >>> wrote: >>> >>>> Also before I forget. Good thing about 1099 is you can deduct a lot of >>>> things to not pay so much. E.g: Gas to get to work, supplies, etc... >>>> >>>> On Wed, May 29, 2019, 6:43 AM Andrew McRobb >>>> wrote: >>>> >>>>> Yes, you still have to report your earnings and pay taxes and I would >>>>> assume the feds would get idea how much you make on your employers >>>>> bank account statment. I wouldn't mess around not paying taxes, it could >>>>> very much royally bite you in the butt by the IRS down the road. >>>>> >>>>> I suggest asking around for a good tax accountant to help you with >>>>> this. >>>>> >>>>> On Wed, May 29, 2019, 6:11 AM Michael wrote: >>>>> >>>>>> I might get a 1099 job. How does the company report my earnings to >>>>>> the government? Is it reported yearly or monthly or is it something I have >>>>>> to do? Meaning the feds have no idea when you made it just that you made >>>>>> it..... when do they know it though? >>>>>> >>>>>> -- >>>>>> :-)~MIKE~(-: >>>>>> --------------------------------------------------- >>>>>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>>>> To subscribe, unsubscribe, or to change your mail settings: >>>>>> https://lists.phxlinux.org/mailman/listinfo/plug-discuss >>>>> >>>>> --------------------------------------------------- >>>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>> To subscribe, unsubscribe, or to change your mail settings: >>>> https://lists.phxlinux.org/mailman/listinfo/plug-discuss >>> >>> >>> >>> -- >>> :-)~MIKE~(-: >>> --------------------------------------------------- >>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>> To subscribe, unsubscribe, or to change your mail settings: >>> https://lists.phxlinux.org/mailman/listinfo/plug-discuss >> >> --------------------------------------------------- >> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >> To subscribe, unsubscribe, or to change your mail settings: >> https://lists.phxlinux.org/mailman/listinfo/plug-discuss > > > > -- > :-)~MIKE~(-: > > --------------------------------------------------- > PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org > To subscribe, unsubscribe, or to change your mail settings: > https://lists.phxlinux.org/mailman/listinfo/plug-discuss > > -- :-)~MIKE~(-: