How to File Taxes as an Independent Contractor - Krystal A. CPA

How to File Taxes as an Independent Contractor
Become a Tax Client: mycpacoach.com/tax-planning-s...
Oultine:
Intro: (0:00)
Sole proprietors and single member LLCs: (1:21)
Single member LLCs taxed as S Corps: (4:03)
Recap: (5:50)
Tip #1: (7:02)
Tip #2: (7:44)
Tip #3: (8:28)
If you are one of the millions of workers who earn income from independent contractor work, then you might be wondering how to file taxes as such.
There are certain forms and taxes you have to pay as an independent contractor in order to stay on top of everything and out of IRS trouble.
In this video, I break down the necessary tax filings for independent contractors and provide 3 tips when filing.
Watch to learn more.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[@bobbyharrington2180]

Good stuff!!! So many people work for companies as independent contractors but do not know how to do their taxes. I was one of them...

[@princess808z]

Thank you so much for taking the time to create this video. I sincerely appreciate it.

[@kevinumanzor3442]

Great content. Very simple and understandable. Love the teaching method. Keep it up. Too many UA-cam channels try and teach this stuff at a basic level but end up getting off track and way too complicated. Thanks once again.

[@FinancialFreedomMadeSimple]

Great to know these, Krystal. Thanks for sharing!

[@arodr071]

Best video I have watched explaining this

[@audreyfrench7129]

so helpful! Thank you!

[@duketastrophe]

This helped me a lot!

[@HardworkAcademy]

Thank you for this awesome video! Very useful information 🙏🏽. Keep up the outstanding work 👏🏽 .

[@LYFEAccounting]

Thank you! Will do!

[@cm517chris]

Thanks 😊 great information 👍

[@gottruth4484]

Great information

[@duane9501]

A little quick on the speech. Very detailed, well done! 😃

[@akhilkumarraparthi8179]

Very useful

[@JerrySmales]

I love it.

[@user-gf9et1uq1c]

Very good content. Just a quick question. Can this be done or is it done during tax refund filing?

[@janseenalmodovar3954]

Good to know. Thanks = )

[@LYFEAccounting]

No problem!

[@simonsafos6400]

appreciate your knowledge !!! Had a question about 8:13 after "...keep things simple." when you say pay 110% of the prior years tax to avoid penalties, does that mean if you had NOT paid your QET ? when would this action take place? Thanks!

[@xojeauxwhite]

Great information. What would you suggest for a business that’s just starting; how would I figure out my estimated quarterly taxes? I have no past taxes to go off of and I don’t want to guess incorrectly on future income.

[@escabasket153]

Same

[@EricM793]

So how do i pay my taxes as a independent contracter for DD Or Uber eats So i have to pay out of pocket or can i pay out of the deductions or should i be saving i heen Door dashing since i think nov last year so i never Save money out of my income i was wondering If my CPA can it i got the solo app too i did not know if i have to take out money of my pocket since i have not been Saving it,

[@Paula-bh7rp]

So when we send any estimated taxes we should have the SE and the c form every three months or just the SE

[@julianmontanez6635]

So I don't have my own LLC, I'm just paid as an independent contractor/ employee by my boss. Does this make a difference in anything?

[@rosalindattwood2815]

What if your a driver for doordash

[@ThekingJeshua2023]

This is confusing lol but understandable when watching 😩

[@jaimeolivieris4292]

Is it normal to receive your state tax Direct deposit first before you receive your federal tax

[@peacelove1122]

What is the tax bracket a dancer/entertainer should stay under without owing the IRS

[@user-tp4cg9ci6e]

What about 1099 we pay to sub contractors???

[@augustorvz3543]

👍👍

[@yungdreamz806]

How do I get her to be my accountant

[@cerejackson7792]

👍🏿

[@hokinsont3681]

Oh taxes

[@bee-u6905]

Very beautiful. Skin just glowing

[@gradenthebarbarian2258]

We here for taxes dawg

[@bee-u6905]

My wife Crystal

[@bee-u6905]

@@gradenthebarbarian2258 how did u get my Gmail

[@bunnybunny1908]

Now I’m more confused then when I started

[@johnathanparker536]

You’re so pretty and smart
Thanks for tips

[@LYFEAccounting]

Thanks for watching :)

[@rogerhirst5039]

Very intellectual! Well presented. Beauty is a plus! Salute to your husband.

[@LYFEAccounting]

Thank you so much!

[@jeffreychewning363]

I haven't filed taxes as an independent contractor since 2017

[@gradenthebarbarian2258]

Rock on brother

[@Nick-wg4bf]

These comments are disgusting

[@bee-u6905]

Crystal. Wow love at first sight. It really do happens. I can hug and kiss you and squeeze u in my heart