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3 minutes read
You are responsible for paying your own state and federal income taxes.Since you are an independent contractor, you don’t have an employer that will automatically take your state and federal income taxes out of your paycheck. This means that you are responsible for paying these funds directly to the government. However, if you live in any of the following states, you don’t have to worry about state income taxes.
3 minutes read
The IRS has a new due date requirement of 1/31/17 for employers to provide W2s & 1099s to employees & contractors. Traditionally, 1099s were allotted more time to be delivered. Not so for 2017 (tax year 2016). Here are some more popular forms that must be released by 1/31: