My husband is about to start a contract work position for a trucking company. He also works full time for a company as a W-2 employee. What do we need to do for tax purposes?
He should keep his receipts and keep track of his mileage for tax purposes correct? The truck he will be driving belongs to the company he'll be contracting for so maybe he doesn't need to keep track of his mileage.
What about the income? We talked about manually deducting from his checks into a savings account so we can pay taxes on the income when we file. Is that what we should do?
Is there anything else we need to do?
