View Full Version : 1099s and Freelance Writing
traumas
Nov 21, 2008, 02:46 PM
I might be getting a job writing short articles for a website. The site is launching in February so I will most likely only make around $1500 from the job this year. I know that if you make over $600 per year you get a 1099, but how do I know how much I will have to pay in?
Thanks. :)
MukatA
Nov 23, 2008, 03:06 AM
You are self employed or independent contractor. You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read about self employed (or independent contractor) tax filing and payment of estimated taxes: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor (http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html)