Someone I know will be filling a tax return for the first time (in several years). She worked part of the 2012 year as an independent contractor with income reported on a 1099 (there is no W-2). This means, I suppose, she will need a Schedule C -- but since she has no deductions, I suppose it could be a C-EZ?? I also suppose that she will need to file Schedule SE. But what is the overall tax form she should use -- 1040? 1040A? 1040EZ?And, since nothing is being withheld for income tax purposes, will she be required to make estimated tax payments in the future? (I suppose that she has not paid any estimated tax for 2013 so far. --Is that a problem?)TIAculcha
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat