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how to file independent contractor taxex

I have had two contract jobs this year, but have not completed my LLC filing. How do I handle the two contracts?

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1 Reply
evelynm
Employee Tax Expert

how to file independent contractor taxex

Hello:

If you’re the single member of a limited liability company (LLC), you’ll typically file your business tax information on Schedule C and report the profit or loss from your business on Form 1040.

 

If that is not the case here is a great resource:   https://turbotax.intuit.com/tax-tips/small-business-taxes/llc-tax-filing-rules/L39E29kPR

 

Additionally, you mentioned two contract jobs - assuming they are the same line of work and will be combined in the LLC.

Be sure to check on the applicable state filing requirements too.

Have an amazing day. Evelyn M (CPA 20+ years)
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