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You dont have to know how to do IC taxes, you just have to know - how to call a tax guy on the phone. SM

Posted: Aug 12th, 2015 - 9:54 am In Reply to: Imedx, clarifcation on lines just this evening - Mess

HE/SHE will tell you what you need to pay. My tax guy even fills out the forms at the end of the tax year with my sitting there. He then e-files it and I get any refund auto deposited.

He will be able to tell you what you need to pay based on your previous years earnings. If you see your income is deviating from that, you just call him and he will advise you on what you need to do.

And if the IRS has any questions, they call HIM, not you. However in the 20+ years I have been IC never once heard from IRS. Tax guy says IRS wants us all to work and pay taxes, they are not out to get us. And as long as you are being honest, not trying to get over on the IRS, they will leave you alone. (Govment cuts have left very few agents to investigate tax fraud. They would rather go after the big corporations than us lowly MTs)

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Imedx, clarifcation on lines just this evening - Mess (Views: 1385, 2015-08-11, 11:16 pm)
- This makes no sense unless you share the specifics - nm (Views: 1174, 2015-08-11, 11:28 pm)
- IMX Clarification - StillintheDark (Views: 1194, 2015-08-11, 11:40 pm)
- Where did you get this info from??? - nm (Views: 814, 2015-08-12, 12:07 am)
- you need to leave NOW - anon (Views: 956, 2015-08-12, 3:09 am)
  - Agree. That's the first thing I thought of. They cannot require an IC to have - a minimum line count (Views: 878, 2015-08-12, 4:21 am)
    - actually, it's a little trickier than that - anon (Views: 732, 2015-08-12, 11:05 am)
- Incredulous and ridiculous - StillNoWord (Views: 898, 2015-08-12, 6:58 am)
- Lots of questions - StillNoAnswers (Views: 826, 2015-08-12, 7:12 am)
- No documentation of this yet.... - MT (Views: 961, 2015-08-12, 7:56 am)
  - They pay big time lawyers and will find a way.... - mt (Views: 1025, 2015-08-12, 8:42 am)
- Wouldn't you have to - sign a contract to be an IC? (Views: 738, 2015-08-12, 8:47 am)
  - CORRECT!!! - mt (Views: 762, 2015-08-12, 9:09 am)
- The taxes MTSO pays is money out of your paycheck. The MTSO does not pony - up their own money for your taxes. SM (Views: 816, 2015-08-12, 9:45 am)
- I have been IC over 20 years with various MTSO and have never - had to get a business license. nm (Views: 631, 2015-08-12, 9:48 am)
- You dont have to know how to do IC taxes, you just have to know - how to call a tax guy on the phone. SM
- DOL, Stat - StillMTing (Views: 918, 2015-08-12, 10:07 am)
  - Problem is - TheyHaventToldUsAnythingYet (Views: 728, 2015-08-12, 10:12 am)
- This is delusional - sm (Views: 760, 2015-08-12, 11:52 am)
- I haven 't gotten that one yet, but too late - I've made - gonesoon (Views: 761, 2015-08-12, 12:42 pm)
- I always thought their ultimate plan was to make us - all quit, then they (Views: 1509, 2015-08-12, 1:18 pm)
  - They already are making plans to hire 600 Indian MTs by the end of the year. - sm (Views: 692, 2015-08-12, 3:14 pm)
- If they are changing employees over - sm - DroneMT (Views: 723, 2015-08-12, 7:10 pm)
- You just got a 7.65% pay cut - SE tax (Views: 695, 2015-08-12, 8:48 pm)
- Yours is the latest information so far - Can you post it here (Views: 645, 2015-08-13, 3:13 pm)