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you can deduct your travel to the work site. Esp if you have to stay at a
hotel during the week. If you take on a 2nd contracting job, even for
minimal time, you are able to justify some sort of home office. Where the
importance is not so much what you deduct for that space. But that you
commute to the office ( not deductible ) and then travel to the work site.
The more you act and look like a business the less IRS will notice or
bother you. You establish an LLC, get paid thru the LLC and the LLC has a
checking account. The LLC does not file a tax return. You file a self
employed return. You pay a tax accountant $400 to do your return. That
means the accountant is signing off on your return. If you file quarterly
returns the IRS will love you, pay no attention to you and most important
you do not fall behind on what you owe to the Feds.


On Mon, Mar 7, 2016 at 11:06 PM, Dan <dan27649@xxxxxxxxx> wrote:

I am being considered for a long term contract as a 1099-MISC independent
contractor. I.e., non-W2. I've been out of independent contracting for
over 20 years, so I'm a little rusty on the ins and outs. (Note that I
have recent experience as a W2 contractor with no benes, so I'm familiar
with the contracting side of the business.)

Right off the bat, I know the IRS wants to hit me with the self-employment
tax, the normal 7.65% FICA rate doubled to 15.3% for self-employed.

This position is 2 hours from my permanent residence, so I will incur
additional housing costs. As an independent, I understand that I can
deduct certain items from my self-employment income. Does anyone have a
good resource that helps self-employed contractors identify tax deductions?

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