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Tax Tips & News: freelance

What to Know as a 1099 Contractor

2 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.

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Freelancers More Likely To Be Audited

5 minutes read

2-3 Times More Likely To Be Audited

By Lou Carlozo

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