topic I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed? in Deductions & credits

I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed?

salibi1 — Mon, 30 Mar 2020 02:50:40 GMT

Re: I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed?

rjs — Mon, 30 Mar 2020 03:08:54 GMT

If the company did not send you a W-2 you are self-employed.

Re: I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed?

salibi1 — Mon, 30 Mar 2020 04:03:19 GMT

In that case does this mean I will have to pay Social security and medicare taxes? If so does anyone know what forms I have to fill out? My first time as Self Employed.

Re: I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed?

Anonymous — Mon, 30 Mar 2020 06:09:20 GMT

schedule C. don't know what version of TT you're using - you may have to upgrade.

Re: I am working as a consultant for a Foreign overseas company while I am living in Las Vegas, Nevada. Do I treat myself as an employee or a self employed?

rjs — Mon, 30 Mar 2020 15:30:38 GMT

@salibi1 wrote:

In that case does this mean I will have to pay Social security and medicare taxes? If so does anyone know what forms I have to fill out? My first time as Self Employed.

You will have to pay self-employment tax, which is the Social Security and Medicare tax for self-employed people. When you enter your self-employment income in TurboTax it will fill out all the necessary forms. Schedule C is the primary form for reporting self-employment or business income. Schedule SE will calculate the self-employment tax.