Re: Self-employed consultant questions

Robert, to be clear, I have no intention on skipping the quarterly
payments. My primary concern is getting hit if I make those payments based
on non-W2, independent contractor (so, withholding double FICA, ergo, more
than if I were a W2), and the IRS then decides after filing a tax return
that I am, in fact, not an independent contractor. I *presume* that, since
I withheld based on the 15.3% "self-employment" tax vs. the normal employee
7.65% FICA tax, I overpaid the IRS. I think the IRS is more interested in
the company trying to get away with not having to withhold taxes and avoid
paying an employer's share of the FICA.

Based on that thought process, do I understand correctly that the IRS came
after you because you didn't file quarterly payments?

- Dan

On Tue, Mar 8, 2016 at 7:20 PM, Robert Lancaster <rslancastr@xxxxxxx> wrote:

Dan:

Sadly, I can tell you that, at least in my case, the IRS went after ME,
not the companies where I had contracted. They took my car, my wife's car
and an old Junker we had as well, and sold them at auction. A few years
later, they forced us to sell our house, and took every penny we got for it.

The incident with the cars was in the mid-to-late 1990s, and the house
thing was in 2002 or 2003.
My best advice to you (or to any other contractor):

KEEP FILING THOSE QUARTERLIES, AND FILE THEM ON TIME!!!

-Robert (rslancastr@xxxxxxx)

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