This tax center provides information, tips and resources to help people and tax professionals understand the potential tax issues related to this emerging area.
Independent Contractor (Self-Employed) or Employee?
It is critical that business owners correctly determine whether individuals providing services are employees or independent contractors, file appropriate forms and pay associated taxes.
Understanding Employment 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.
Publication 525, Taxable and Nontaxable Income
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.
Publication 583, Starting a Business and Keeping Records
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
Phone: 312-292-3529
Email:Michael.j.mudroncik@irs.gov
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