How to file your taxes as an independent contractor?

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Learn how to file your taxes. Received a 1099? Didn't receive one? We can help!
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Recording from Everlance Live Tax Q&A: • Everlance x DoorDash+C...
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Опубликовано:

8 сен 2024

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Комментарии : 49

@peekaboo9976 3 года назад

Thanks bruh you helped me a lot with this video I’m about to quit my warehouse slave job and start working for myself well informative video keep it up 👍🏾

@jrjcpa7313 3 года назад

As an up coming independent contractor this was very helpful. thank you!

@danbremer7010 2 года назад

I very much recommend Turbo Tax if you’re a small contractor. I’ve done my own taxes and Turbo Tax saves me money in taxes.

@TheBrownIsland 4 года назад

Worked part time as an UberEats/Doordash Independent Contractor last year due to some health issues. Never again. I found out that Independent Contractors pay way more Taxes than regular W2 Employees. It didn't matter the Mileage Tracking, and Expenses. The more expenses, the more I owed. Owed 3 times the taxes paid when I was an hourly employee. I put in several applications for a regular Job, because it's Not worth it _(the wear & tear on my Car and being out there)_ unless you make a substantial amount of money. More than $10,000.

@Djsatile 2 года назад

Everyone can’t be a boss

@matthewvz28 2 года назад

Sounds like you didn't do it right.

@joecoolberry911 Год назад

It’s more that’s not a good job. If you are going to be independent you shouldn’t still be under a company name. If offer a good or service then you reap way more benefits and make the taxes not that big of a deal

@joecoolberry911 Год назад

Otherwise just deliver pizza for a company so you have the W2 steady work, some places insure your car too when you are on the job.

@lizzetterivera2324 11 месяцев назад

Great! Clear; explicit & to the point!👏

@memeherpes2134 3 года назад

THANK YOU ☺️ this was really helpful and informative!

@17trr23 2 года назад

SMH, this video didn't even mention estimated quarterly payments.

@ramyteinformaexplorandocon7875 2 года назад

I wanna know how to pay it. The process, the paper

@titlepending1302 Год назад

Do you know how to now because I’m confused

@abreika 4 года назад

Very informative, thank you!

@FromAsiaWLove Год назад

I only made about 1600 for my contract and my return dropped over 1000 dollars, I’m clearly doing something wrong

@carolynmorese7767 4 года назад

very helpful! Thanks so much!

@EDungarian 3 года назад

How do I get a 1099 if the company I freelance for doesn't send me one?

@oly6919 3 года назад

Anything to know concerning having a full time job as well as subcontracting work?

@jamiecarpenter8558 3 года назад

When I filled out tax forms at my full time job it had a section to list any additional jobs (including contracting) so you can withhold extra money for tax purposes if you wish. I found that helpful to do so I didn't have to pay taxes when I filed :)

@Aatell764 2 года назад

Yeah what the other guy commented tax papers often include a section for that kind of thing, you probably skipped over it the first couple times like when you are married or not you skip an entire page

@marci_rey_6941 4 года назад

How do I find the percentage for my state New Jersey?

@dyaonna 4 года назад

The company said they don't give you 1099 because you are a contractor ?

@5ohhlobo 3 года назад

Can I write off my truck payment if I am using it for work?

@danbremer7010 2 года назад

Yes if your company bought the truck. But you can’t deduct mileage.

@orsonwelles4254 4 года назад

mileage? As in car mileage? And what do expenses consist of?

@kalikiexp618 3 года назад

car mileage yes, plane mileage as well think. all the costs, travel wise that it took you for say a business trip

@katemallory 2 года назад

I want it know if I can take social security out of my income as if I were working a W-2 job 🧐

@17trr23 2 года назад

SS tax is a part of the self-employment tax that contractors pay -- also including state unemployment insurance.

@ivanchavez1799 2 года назад

So what it is best here, spend in computer equipment thant giving the taxes to the IRS?

@WWEFANSCONNECT 2 года назад

what about having to pay taxes quarterly? does this apply to all independent workers?

@17trr23 2 года назад

You only need to make quarterly payments if you your estimated taxes that quarter will exceed a certain threshold -- I think it is $1000. If you don't pay quarterly, you are fined at the end of the year.

@dktakeover8842 4 года назад

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?

@BaxxFam1 3 года назад

I am in new jersey and i just started cleaning homez but am anxious sbout tax wat fo i do

@apemandan5187 3 года назад

thank you

@ashleyr.7086 4 года назад

Thanks

@claudiadeavila5768 3 года назад

very interesting video, thanks for sharing, I have a question, I don't know if you will know the answer... in EDD wages type: "regular earrings including in Home Support" does it mean "working as Contractor from Home?"

@lovemyson480 4 года назад

I owe approximately $504 in taxes but got a $1000 deduction, so I stil owe taxes?

@ProseCombats 3 года назад

yes

@teru797 3 года назад

u ever find this out

@fontunetheteller410 4 года назад

I’m an independent sub contractor. Is that the same?

@willoughbykrenzteinburg 4 года назад

Generally, if there are withholdings from your paycheck (federal income tax withholding, social security, medicare) and you receive a W-2 with all the wages and withholdings detailed, you are an employee and you would not follow the advice in the video. If you get paid without any withholding and get a 1099 from those who paid you - or nothing at all, then you are self-employed (contractor) and the video would apply to you.