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Get your taxes done using TurboTax
I am confused by all these answers. I am a sole proprietor DBA my own name. I do contract work for the IT field. Occasionally I bring on a contractor to help me on big jobs and pay him so, I applied for and got an EIN. But I also need to report those wages I pay from my pocket as a sole proprietor. I want to be to be able to report my income as a W2 employee of my own company, so my entire EITC that is for my kid is not eaten up by self-employment taxes. So, again I set up and got BSO services online from the SSA to report wage statements. I got this by checking the box... "I am Self-Employed with an EIN and receive a W-2 under this EIN" Does this not suggest I can withhold my own taxes, pay them to the corresponding agencies and issue myself a W2? Thanks