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Independent contractor/married filing jointly
My husband and I typically do taxes as married filing jointly. This year he began to be paid (checks, no taxes taken out) for some independent work he did at a local business. If he were single, the amount he was paid would not be worth paying taxes on (less than $8,000 total for the year if I had to estimate). How should we handle our taxes this coming year? Does he need to fill out any separate forms, or file separately as an independent contractor, or do we simply report what he was paid in these checks and TurboTax will figure the rest out? File as a business with the government? Do things quarterly or just annually? Any guidance would be helpful! Thank you!
PS saw this post - is this accurate for what we should do? We don't expect to receive any tax documents from the business. https://ttlc.intuit.com/community/taxes/discussion/i-need-to-report-income-from-a-freelance-job-i-di...
PS saw this post - is this accurate for what we should do? We don't expect to receive any tax documents from the business. https://ttlc.intuit.com/community/taxes/discussion/i-need-to-report-income-from-a-freelance-job-i-di...
‎October 30, 2024
11:21 AM