contractor can get 1099 or W2.

A contract job, 如何缴税？ Here are my questions:

- which tax form do I file w/ IRS, Sch C of form 1040?
*** May be 1099, May be W2 from a job consulting company. Depends on how you are hired for the job.

- do I have to set up a company or get a business licenses to do the job and be able to deduct all job related cost on tax return?

*** Not need. Shcedule C will work in both case.

- What’s self-employed? Is it the same thing as contract job?
*** 1099 job is self-employed. Will need pay 13.3% self employment TAX no matter what.

- By doing a contract job, do I need to pay double social security taxes?
*** Not need.

Come join my Monday evening's webinar if you have more questions.

所有跟帖： 

• thanks, lao tu! would you mind -五分店- ♀ (79 bytes) () 12/06/2014 postreply 09:18:57

• 同问老土，if 我现在拿w2 with full benefit, $50 /hour, then I woudl like t -westmouse- ♀ (163 bytes) () 12/06/2014 postreply 20:06:44

• 1099 means you are the CEO of yourself. -美国老土- ♂ (241 bytes) () 12/06/2014 postreply 20:47:10

• 好象那个是几年前？ -数据分析- ♂ (69 bytes) () 12/07/2014 postreply 11:03:54