Contractor Forms And Contracts
Some tax advice for a very low-income student?
My parents typically take care of most of my money stuff, but I’d like to do this myself.
I have two sources of income: a web-site that got me ~$3500 last year in Google ad revenue, and a contracting job that got me ~2500. In all, I made exactly $5997.
Google doesn’t send me any tax forms, but the contractor sent me a 1099-MISC form.
What exactly do I need to do tax-wise? I’m completely new at this, and I’ve heard since I made less than $6000, I don’t need to do anything; but I’d like to make sure.
Since your income was from self-employment, you do have to file and will have to pay self-employment tax. If your income was all from W-2′s and total was less than $5150, then you wouldn’t have to file. But with self-employment, the limit to have to file is $400.
You’ll fill out a 1040, a schedule C or probably C-EZ to show your income and any associated expenses, and a schedule SE to calculate self-employment tax. The numbers from the bottom of the schedules C and SE will transfer to the 1040. Sorry to tell you this, but your self-employment tax will be around $900.
What types of building contracts are there? www.AutoBuilders.net
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TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH… |
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Adams Contractor Bids and Quotes Kit, 8.88 x 11.69 Inch, White (PK113) $8.99 Up-to-date bids and quotes forms that can be customized to fit a contractor’s needs. Provides detailed information for business improvement, including the bidding process, getting bonded and getting paid. Streamlines the process for contractors and homeowners or business owners. View examples of common contractor forms on a CD. Form Size (W x H): 8 1/2 in x 11 in; Number of Columns: N/A; Forms Per… |
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Adams Contractor’s Forms on CD, White (SS4301) $18.75 Contractors Forms, Customizable Electronic Forms… |
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Construction Contracting: A Practical Guide to Company Management , 7th Edition $89.09 The industry’s leading professional reference for four decades–fully revised and updatedConstruction Contracting remains a bestseller in the construction industry forty years after its first publication. A cornerstone of the construction professional’s library, this text presents the hard-to-find information essential to successfully managing a construction business, and applies to building, heav… |
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DEWALT Contractor’s Forms & Letters $17.10 The contractor’s forms and letters reference comes with an accompanying CD that allows users to easily and effectively manage every area of their contracting business! This extraordinary CD resource contains a user-friendly interface in which all of the forms and letters are easy to find and utilize in both Microsoft Word and Excel formats. Together, the book and CD provide over 150 of the most us… |
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Paint Contractor’s Manual $13.59 How to start and run a profitable paint contracting company: getting set up and organized to handle volume work, avoiding mistakes, squeezing top production from your crews and the most value from your advertising dollar. Shows how to estimate all prep and painting. Loaded with manhour estimates, sample forms, contracts, charts, tables and examples you can use. The authors emphasize ways to maximi… |
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