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Submitted 353 days ago...

lindalee

lindalee

New User (1)

Paycheck

I work for a Girls Club and they do not take taxes out of my paycheck.
What form do I fill out to keep a record of this, where can I get the form, and who do I send it to?

 
 
 
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Answer 1 / 2

Submitted 353 days ago...

primetime001

primetime001

Expert (962)

Are you a contractor then?

You need to determine your tax rate, probably between 15 - 30% of your check.
Put this amount in a savings account - don't withdraw any of it.
Get yourself set up on quarterly payments through the IRS. You'll pay your taxes 4 times a year.

There's more info about quarterly payments here: http://www.irs.gov/faqs/faq-kw146.html

Also, you could ask a tax accountant to set up quarterly payments for you, it''s really easy.

 

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Answer 2 / 2

Submitted 353 days ago...

Ruchele

Ruchele

Brain (3,118)

You will receive a form 1099 from the girls club at the end of the year, you will use this like a W-2 when filing your taxes, and like prime said, you need to be holding 15-30% of your income asside to pay your taxes with at the end of the year.

 

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Ruchele

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