Pages: 1

 

2008-04-25 19:15:16
jsnipy
...
+3,277|6946|...

I have a second job I may undertake and the pay will a 1099. My main job is as a W2 employee. My question is for those that do it/have done it how do you handle your taxes (once a year, four times a year, etc)?

Is it better to make an LLC and be an employee of it?

I'll research more but I wanted to see if could get some serious response here as well.
2008-04-25 19:21:37
ATG
Banned
+5,233|6953|Global Command

jsnipy wrote:

I have a second job I may undertake and the pay will a 1099. My main job is as a W2 employee. My question is for those that do it/have done it how do you handle your taxes (once a year, four times a year, etc)?

Is it better to make an LLC and be an employee of it?

I'll research more but I wanted to see if could get some serious response here as well.
Open up a  checking/savings account and deposit 40% of your earnings on the 10-99 account.

Either file quarterly estimated or add at the end of the year but whatever you do, set aside the Taxmans share.
2008-04-25 20:35:43
Pug
UR father's brother's nephew's former roommate
+652|6966|Texas - Bigger than France
Check you PM jsnipy
2008-04-26 22:49:59
jsnipy
...
+3,277|6946|...

Pug wrote:

Check you PM jsnipy
Thanks and a tremendous +1
2008-04-27 16:59:27
Kmar
Truth is my Bitch
+5,695|7025|132 and Bush

ATG wrote:

file quarterly estimated
It's what I do.

ATG wrote:

but whatever you do, set aside the Taxmans share.
You only make that mistake once.
Xbone Stormsurgezz

 

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