This tax center provides information, tips and resources to help people and tax professionals understand the potential tax issues related to this emerging area.
It is critical that business owners correctly determine whether individuals providing services are employees or independent contractors, file appropriate forms and pay associated taxes.
Employers must deposit and report employment taxes and understand the requirement of year-end filing to the Internal Revenue Service and Social Security Administration.
Taxes must be paid as income is earned or received during the year, through withholding or estimated tax payments.
Income can be in the form of money, property or services. This publication discusses many kinds of income and explains whether they are taxable or nontaxable.
This publication provides basic federal tax information for people who are starting a business. It also includes information on keeping records and illustrates a recordkeeping system.
Contact: Mike Mudroncik