[ale] ot: back to taxes
Boris Borisov
bugyatl at gmail.com
Tue Mar 31 19:24:00 EDT 2015
All good news :)
On Tuesday, March 31, 2015, DJ-Pfulio <DJPfulio at jdpfu.com> wrote:
> On 03/31/2015 04:40 PM, Boris Borisov wrote:
> > I know I can ask professional but why not get a hint from fellows.
> >
> > Last year I work for a company as employee and had second job which
> considers
> > selfemployed. How do you need to fill taxes in that situation?
> >
>
> You should have already gotten a 1099 from the other company - assuming you
> provided them with your taxID or SSN. If not, you need to still declare
> the
> income - sched-C.
>
> The quarter when you received the income, you were responsible for
> self-employment taxes, state taxes and federal taxes. There is a penalty
> for not
> paying these in the correct quarter. Those penalties can be painful or
> trivial
> depending on the amounts involved.
>
> If this is your first year doing this - Go get an accountant - it will be
> hard
> now. Expect them to file an extension ASAP. We aren't talking H&R block or
> any
> of the side-of-the-road guys.
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