LindaS5247
Expert Alumni

Get your taxes done using TurboTax

Are you paid on a W-2?  

 

If you are an independent contractor they do not have to withhold taxes.

 

You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or “freelancer.” Are not a full-time employee of the business. Will be paid more than $600 for work provided to the business.


An employer generally must withhold social security and Medicare taxes from employees' wages and pay the employer share of these taxes.


IRC § 3402(a)(1) provides, generally, that every employer making payment of wages shall deduct and withhold federal income taxes. Even if an employee is no longer employed at the time of the settlement payment, the payment is still deemed to be wages subject to tax withholdings.


 

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