[thechat] US Contract Gig - Tax Questions

Roger Austin raustin3 at nc.rr.com
Wed Sep 29 15:37:13 CDT 2010

---- "Luther wrote: 
> Hi Folks,
> I figger somebody here (if there *is* anybody here anymore) might know the tax implications of taking on a contract job - versus normal employment.
> Do contractors get hit with extra SS and Unemp taxes?  That kind of stuff.

I would think that they would unless they are working for a company that 
supplies contractors out to other businesses. In that case, the contractors 
are really employees of the contracting agency and they will get withholding 
and a W-2.

If you don't get a W-2, get a CPA.

TheChat has been very quiet. Everyone must be on FaceBook now. ;)

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