Moonhead
Jul 8, 2007, 02:45 PM
My daughter is employed ss a contractor for a large US corp. She is currently 1099 status. Does she need to make quarterly FICA paymnets or for that matter quarterly state and federal contributions?
Moonhead Jul 8, 2007, 02:45 PM My daughter is employed ss a contractor for a large US corp. She is currently 1099 status. Does she need to make quarterly FICA paymnets or for that matter quarterly state and federal contributions? AtlantaTaxExpert Jul 9, 2007, 07:18 AM The Form 1040-ES payment INCLUDES the self-employment tax payment (SE tax is the equivalent of FICA taxes; just TWICE as high). Copyright ©2005-, Ask Me Help Desk
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