1099 now?
1099 now?
Out of context: Reply #8
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- ghandolf0
I don't think WHEN you are asked to fill it out matters at all, as long it's in the same tax calendar year. I've been freelancing for years, and sometimes I fill them out before I'm paid, and sometimes I'm asked later in the year. None of it made any difference to the tax I had to pay.
You just have to pay quarterly if you make your living by freelancing, or simply add them (1099's) to your W-2's, add up your income, (minus your expenses!), check tax tables, subtract what was withheld on W-2's, and/or payments made quarterly (by you), and pay the difference . Deduct any and ALL expenses you incurred during the course of that work - parking, 50% meals you paid for, mileage, software, etc... (See Schedule C form)
- <– Yup. But something tells me he's spent that cash already.Crack_Junkie
- That's an easy 'rookie' mistake to make - I did it too - once! ... and I suspect you're right.ghandolf