Question by Catherine O : How should handle his or independent contractor on her taxes ?
The employer does not withhold federal tax, medicare, or social security. Should the contractor pay taxes quarterly, or just wait until the end of the year? Is this how people fall into debt with the IRS? Thank you for you help.In addition, the independent contracter makes about $ 12 an hour, and is paid about $ 500 every tuesday Best answer:
Answer by Judy
file quarterly using form 1040ES. If you just wait until the end of the year you will very likely be subject to penalties for under withholding.
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