Contractor Work Order
New Jersey requires my employer to withhold taxes from my pay or I can be treated as an independent contractor?
this is a side job for me, but it says I need to have workers comp. so that you pay as a contractor idependant anyone if this is true
He still must report the money given to you as an independent contractor to the IRS, so do not even think of not reporting it. IRS Fraud will do this as wages, but even more closely. You'll be money ahead as an employee vs. an independent contractor. You pay the same federal income tax and state any way. But as an employee is going to pay 1 / 2 the cost of social security. The IRS has very specific rules on independent contractors versus employees. Even if you and made to sign an agreement that you are an independent contractor, the IRS can nullify and declare that you are an employee.
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