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Old 01-09-2012, 01:45 AM
 
28 posts, read 142,897 times
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I am an independent contractor, how do I files taxes, and how often do I have to do them? Where should I go to get the paperwork and stuff to do my taxes? I really need help with this.:-)
Thanks!
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Old 01-09-2012, 05:18 AM
 
Location: N. Raleigh
735 posts, read 1,584,716 times
Reputation: 1213
Refer to the experts: Independent Contractor (Self-Employed) or Employee?
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Old 01-09-2012, 11:48 AM
 
Location: Atlantis
3,016 posts, read 3,910,427 times
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You need to file quarterly and the forms are located at www.irs.gov

And realize (refer to Schedule SE) that you are paying both side of the FICA tax (social security, medicare) which is normally split between an employee and an employer plus any estimated federal taxes based on the tax bracket that you are in.
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Old 01-09-2012, 02:44 PM
 
Location: Boise, ID
8,046 posts, read 28,481,404 times
Reputation: 9470
As a self employed person who admits they need help and don't understand the process, I HIGHLY recommend that you hire an accountant to help you for at least the first year.
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