If you're going to get a 1099 then you've got to pay your own taxes. I pay under $300 a year for a cpa to set me up & and prepare my 1040 & state/local forms. Watch out: 20% - 30% is a lot if you have to pay it all at once, and you don't have it set aside. phil > > I have got some pay from a second source that I have not yet paid taxes on & > my first job says that they can increase my payroll deductions to compensate. > I like the idea about not having to do any more paperwork to satisfy > government requirements. I not sure yet whether I like the idea of my first > employer knowing how much I making from secondary. I might be more > comfortable sending check to IRS for say 10% of each check from secondary, as > it comes, but IRS probably wants quarterly installments. I probably don't > have much time to figure out how to deal with that for first quarter of this > year. >
As an Amazon Associate we earn from qualifying purchases.
Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.