Paying taxes as an independent contractor

    • A 2021 Guide to Taxes for Independent Contractors | The Blueprint

      a worker is an employee or independent contractor. Worker Classification Employers must withhold Social Security and income taxes from employee paychecks. Conversely, independent contractors are responsible for reporting and paying their own Social Security and income taxes.


    • [PDF File]How to Pay Independent Contractors, Employees, and …

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      employees, the employer is responsible for paying social security, Medicare, and unemployment taxes on wages. Independent contrac-tors are required to pay their own income tax and self-employment tax. Businesses are not required to withhold taxes from the pay of independent contractors. INDEPENDENT CONTRACTOR TESTS 4.


    • [PDF File]Independent Contractors: Utah - Parsons Behle

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      2. Employee or Independent Contractor? 3. Employees of Exempt Organizations. 4. Religious Exemptions and Special Rules for Ministers. 5. Wages and Other Compensation. 6. Sick Pay Reporting. 7. Special Rules for Paying Taxes. 8. Pensions and Annuities. How To Get Tax Help. Index


    • Get Tax Savvy: What you need to know about taxes

      Paying Independent Contractors for Services A determination of the individual’s status as an employee or independent contractor must first be made prior to processing any payments for services to the individual. 1. Independent Contractor Policy and Questionnaire Form. Prior to hiring an individual as an independent contractor, the new vendor must


    • [PDF File]2021 Publication 15-A - IRS tax forms

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      A contractor is an individual or business entity engaged in the business of improving, altering, or repairing the land, buildings, or other real property of others. Sales of materials and supplies to contractors are taxable because the contractor is considered the final consumer (or …


    • [PDF File]Employment Taxes and Classifying Workers

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      tor. Beware of employers who classify you as an independent contractor in an attempt to get out of paying payroll taxes, and avoid paying the legal minimum wage and overtime. If your income tax is not withheld from your pay, you will be responsible for paying the IRS directly.


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