1099 contractor tax question
Hi there,
I started working as an independent contractor last November and never thought
Of the fact that being a 1099 contractor would mean different tax obligations.
I received one paycheck for this totaling 1980 in December and was sent a 1099-Misc
For this.
I didn't know about estimated payments will just a while ago and now I guess I'll be
Hit with a double penalty for not filing and not paying my state and federal taxes.
I'm just very confused how to compute the 1099 income along with some money I earned
Earlier in the year as an employee working for my college. Furthermore, what forms
Would I have to file for the 1099 for last year, and the estimated payments quarterly
For this year?