Tag Archives: Self-Employment Tax
Are you employed as a custodian? As well as cleaning and organizing your employer’s business, you’ll need to do the same to your expenses come tax time if you want to save the most money. Your employer will send you a Form W-2, Wage and Tax Statement, provided you work for the company and are […]
— Read moreLike any other skilled tradesman, professional painters can expect to receive a Form W-2, Wage and Tax Statement from their employer. Anyone who runs their own business or does painting work on the side is considered to be self-employed, and should receive a Form 1099-MISC for any amount they received on their own. Even if […]
— Read moreTaxpayers who work as a tradesman, including a PC professional, electrical technician, craftsman, development specialist, forklift administrator, repairman, machine administrator, painter, handyman, welder or worker, will receive Form W-2, Wage and Tax Statement, from your employer. If you receive payments for service from anyone other than your employer, this income may be considered self-employment and […]
— Read moreDo you drive a vehicle, like a school bus, semi-trailer, truck, or taxi for work? Drivers will receive Form W-2, Wage and Tax Statement, for income from wages you obtain being an employee. In the event that you received a Form W-2 and the ‘Statutory employee‘ check box in Box 13 is marked, report that […]
— Read moreAs a mechanic, you are entitled to certain deductions of unreimbursed job-related expenses come tax time. In order to maximize your deductions and lower the amount of taxes you owe, you should keep receipts for all expenses you incur throughout the tax year. The amount of taxes you paid will be listed on a Form […]
— Read moreSimilar to other professions, clergy also receive a Form W-2, Wage and Tax Statement, which indicates salary received as well as housing allowances. Additional income forms, such as honoraria and fees for baptisms, funerals, marriages, and other private masses are considered self-employment. The wages are reported on Schedule C, Profit or Loss from Business. In […]
— Read moreHousekeepers, janitors and custodians are all subject to income tax requirements. If you are employed by a company or other organization, they will provide you with a Form W-2, which will list your applicable income and tax withholdings. You are required to report your income to the IRS, even if you are self-employed. You are […]
— Read moreAs a carpenter, you’ll spend your days constructing a variety of items for people which incorporate a great level of precision and skill. You’ll need to copy this ability when filing your tax return. With so many different deductions and credits, as well as tax codes, it takes a keen eye to make sure everything […]
— Read moreJanitors and custodians can decrease the amount they owe in taxes by claiming work related deductions. Those who work for an employer will receive a Form W-2 which documents their wages and withholdings. This form can come from the agency you work for, or the individual to which you provide services. You are considered to […]
— Read moreIf you drive a vehicle for work, whether a bus, truck, or taxi, you can expect to receive a Form W-2 Wage and Tax statement which documents your income and withholdings from your employer. If the option for ‘Statutory Employee” is checked in Box 13, you’ll need to file a Schedule C, Profit and Loss […]
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