Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-24-2017, 08:39 PM
Junior Member
 
Join Date: Feb 2017
Posts: 2
Exclamation Taxes for 2 separate independent contractor jobs?

I'm thinking of taking 2 different jobs, they are both jobs that I would be an independent contractor. Would I need to do all the tax forms 2 times and pay 2 separate payments when paying taxes. Also, would a tax accountant charge me double the fee if I need to file both jobs forums separately?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-25-2017, 11:37 AM
Moderator
 
Join Date: Oct 2010
Posts: 4,768
Quote:
Originally Posted by Rebecca111390 View Post
I'm thinking of taking 2 different jobs, they are both jobs that I would be an independent contractor. Would I need to do all the tax forms 2 times and pay 2 separate payments when paying taxes. Also, would a tax accountant charge me double the fee if I need to file both jobs forums separately?
basically, It depends on what you received the 1099's for. Basically you would group them by the type of busines you are running.however in your case sicne you take2 different self employment jobs, you must file Sch Cs in separation.I mean If you have different businesses, you file a sch C for each business, for whatever 1099's you got for that business

Not double however, tax pros such as Enrolled Agents or CPAs doing taxes may charge a little bit higher if they file 2 Sch Cs ; you need to file 2 separate Sch C s and Sch SEs and you need to report the net earnings reported on the 2 separate Sch C s on line 12 of form 1040 you also need to report SECA taxes reported on your SCh SEs on the line 27 of form 1040 on your return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Independent Contractor - Calculated Taxes Pt. 2 Independent2017 Estimated Taxes 1 03-03-2017 09:16 AM
Independent Contractor - Calculating Taxes Independent2017 Estimated Taxes 1 03-02-2017 04:05 AM
2 different jobs as independent contractor and no 1099s Rebecca111390 Sole-Proprietorship 0 02-08-2017 01:33 AM
Independent Contractor and taxes Chris Glover Miscellaneous 1 02-26-2014 12:00 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning