1099 Independent Contractor Taxes 

I just became an accidental contractor. Got offered a great job but to make more money but I had to be on contract. I realized it had more freedom. But then I realized I had to pay my own taxes....never did that before. in. my. life. I hated doing my regular taxes LOL... but you made this so simple. I have a lot more confidence now. I'm going out to get my Business bank account. I am SUPER excited! Thank you for being on the web. I just searched you tube for any kind of help ...You ARE helping :)

Thanks Sam. If you ever get sick of Electric work, you'd probably be a really good teacher. Great videos thanks for the help.

BEST tax info video for Independent Contractors!!!!! Great job, made a lot of sense...was easy to understand what forms to used. Thank you.

A thanks a lot man I just started working as a 1099 employee and I’m the only person in my family working a steady job. I’m only 20 and this video really explains this possess very well. I hope you are doing great keep up the awesome work. Thanks for the info.

This has been so helpful! God bless you for sharing this information!

Thanks for the video. I personally think it's much better to be an "employee" (W-2) rather than an "independent contractor" (I-9). Most people working in the trades for a boss - are in effect "employees" - yet the boss pays them as "Independent Contractors" because the boss pays less in taxes that way. If the worker is honest and reports all of his income to the IRS - that worker is going to pay Much More in taxes as an independent contractor than he would as an employee. As an independent contractor you have to pay Both your share of taxes Plus the boss's share.... As an employee the boss pays half your share. So unless you can deduct thousands of dollars worth of stuff as an independent contractor - usually the boss is screwing you when he pays you as an independent contractor. The determination of which class you are is dictated by the work relationship. If the boss is basically controlling what you do, your hours, providing materials, supplies, etc - then you're an "employee". If you just agree day to day for a certain job to be done - and the boss is completely out of your hair and has no control over the work, how you do it, and what you use - then you're an independent contractor -- however most times the worker is actually an "employee" - but getting paid as an independent contractor - because the boss is a cheap-a## and doesn't want to pay a dollar extra than he can get away with. You also lose a lot of employment rights as an independent contractor.

Great video thanks so much. Just so that every employer know, illegal immigrants do pay taxes using an ITIN, if you're an employer you can send them to IRS and they can file for an ITIN to do taxes at the end of the year it only takes about a month for IRS to do the process.

Thank you great help, This should be offered in schools.

I'm about to do some independent contracting work for the first time (software development), and this is a really helpful video. Thanks!

Ironic that my smoke detector is also dying and beeping while I'm watching this video...

Other than the chirping it was helpful video as a plumber I appreciate the knowledge you provided. Also great timing on ending the video with the train 🚂

I just found this. THANK YOU SO VERY MUCH!🙏

excellent spreading the knowledge. Spreadsheets are crucial more RU-vid tutorials for that

Very nicely done ✔ 👏

Do you register as a DBA with the IRS? If so where? What form? Or do you have to use a third party service, like LegalZoom?

Right on time!

Is a DBA like a business license thus allow you to open a business bank account and have a business name? sorry for all the questions....

Thanks for this important knowledge!

So I pay my rent through my business account? I work for a landscaping company.

Thank you for posting this. I've been working as an independent contractor for 4 months now as a tech guy and slowly learning each step you just listed by myself. I just have one question about paying the taxes, whether I learn it from googling it or learn it from your answer: Do I have to pay this tax yearly or quarterly, and whats the mostly common way of paying it, online website or other means?

Very helpful! Thank you so much.

Thank you for caring and making the video

thanks for the video. this is a subject im lacking in and trying to find more of thanks

I am going to do Summer sales in April as a 1099 employee. Should I do the first five steps before going out there? Thanks.

Thanks for the info. Helped alot, keep up the good work.

If I need to hire people based on job to job bases what’s the easiest way to pay them? Can I file them as sole proprietors?

Ya’ll check out the Jobs Act it can drop off another 20% off of your taxable income

Your smoke alarm needs a new battery

This is some good information, thanks for the post bruh! 👍

Thank you

It hurts me as an legal immigrant that many company taken advantage of that, everyone has to paid taxes in order to help this beautiful nation to continues the progress. sorry for my broken spelling.

informative video...I would suggest you not skate through the home office deduction/rent deduction but suggest the viewer do additional research of this deduction. The IRS has strict requirements when deducting for home office space.

So if do it these way. What do I do with the 1099 the company gives me at the end of the year? Would I file it under the business account?

Great information!! Thanks

hello, I wanted to ask, How does an independent contractor make profit by hiring subcontracters to work for him?

Thanks for the info. Helpful to me!

Hi for the 1099 independent contractor do you need a business license or no I live in Florida. But please describe if you were doing it in your home state. Thank you

Thank you so much for this!!

What about business insurance, workers comp insurance. Does the company provide that or is that on you to get that?

Excellent information. Thank you.

Boi... smoke alarm... batteries... go!

Energy bro...

Thanks for explaining 😊👍

Thanks for the information.

What if you dnt have both accounts and say you have a checking account? Would you have to go through all the things you spent money on to know which one you are able to write off?

Suggestions....better lighting and wireless mic attached to your shirt. Makes you look much more professional and therefore more credible.

Thanks man. Great video.

I want to know how that is if i fill one. How to fill it out so I don't pay in.

Self employment tax is included in the 25 percent?

I whis I saw this video one year ago 😭😭😭😭😭

Thank you.

This is very helpful! My big question is, do I need to pay quarterly?

Thank u so much

Hey thanks I have a question if you have money left in your business account at the end of the year do you pay taxes on that

I did work for owner operator as truck driver for 2 month In half I made 7500 dollars Sow how can I pay tax , do I have to wait after new year

THANK YOU SO MUCH!

my dude, thank you.

Thanks Sam.

So all peoples hear is his smoke alarm. Take heed pay attention learn for a change

can i tax deduct my daily lunch when im working ?

Speed up playback speed to 1.75

you don't really say how to file the DBA.

Aaaaagggghhhhh!!... After 16 minutes, I cant take any more churping !! ,,, p.s. thanks for the video

An electrician and the smoke detector battery is dead? LOL

Fuck this. I need an accountant.

What a freaking cutie.

Fuck it, if the irs comes after me I’ll file for bankruptcy

I was liking this video until you said that illegal immigrants don’t pay taxes. I laughed because they do. Other than that this was quite helpful. lol js

"1,099"

1.5 x

.......Beep

You got a phone number??

Dude wasup with yo handwriting?? It looks like a chicken was walking over yo whiteboard with ink

Very helpful! Thank you so much