Any Independent contractors/self employed people? Have a ?

[Luvmyzoocrew]

I am in the process of becoming an Internet Assesor, I will be classified as an independent contractor, ,or as being self employed. I will have to pay taxes at the end of the year, and i will have to pay Social security taxes to, my question is do i have to do anything now as far as getting any kind of ID number or can this be done at tax time by H&R Block?

 

[okiron]

I know where I live, we go through the city to register your business and things. Try there?

Oh I wouldn't wait till the end of the year to pay taxes, my friend did that and got all sorts of penalties. You need to do it quarterly.

ETA: Kinda forgot to finish my sentence lol.

 

[Luvmyzoocrew]

lol Rina thank you. I did just find out that the social security tax is quarterly and i will get hit with fines if i dont pay.

 

[JadeIcing]

Oh yea do not wait for any taxes end of the year. Seen so many people slammed over that.

 

[Flash]

I would see your Accountant and usually he can set you up as a Business owner, Fed ID #, taxes, and if your required to pay sales tax. My Accountant did everything for me.