Contractors - Revision history

Quill: Undo revision 8749 by Imywejyh (Talk)

2010-11-24T16:20:38Z

Undo revision 8749 by Imywejyh (Talk)

← Older revision		Revision as of 16:20, 24 November 2010
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	~~=[http://exowufo.co.cc This Page Is Currently Under Construction And Will Be Available Shortly, Please Visit Reserve Copy Page]=~~
	A '''contractor''' aka ''consultant'' is a professional who provides expert advice in a particular domain or area of expertise.		A '''contractor''' aka ''consultant'' is a professional who provides expert advice in a particular domain or area of expertise.

Imywejyh at 11:14, 24 November 2010

2010-11-24T11:14:30Z

← Older revision		Revision as of 11:14, 24 November 2010
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			=[http://exowufo.co.cc This Page Is Currently Under Construction And Will Be Available Shortly, Please Visit Reserve Copy Page]=
	A '''contractor''' aka ''consultant'' is a professional who provides expert advice in a particular domain or area of expertise.		A '''contractor''' aka ''consultant'' is a professional who provides expert advice in a particular domain or area of expertise.

Quill: roles, legal

2009-11-24T03:12:29Z

roles, legal

← Older revision		Revision as of 03:12, 24 November 2009
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	You then need to mail a single IRS Form 1096 and the red copies of each 1099-MISC to the IRS before '''February 28th'''. The IRS refers to it as a cover letter.		You then need to mail a single IRS Form 1096 and the red copies of each 1099-MISC to the IRS before '''February 28th'''. The IRS refers to it as a cover letter.

			[[Category:Roles and positions]]
			[[Category:Legal issues]]

98.202.53.81: /* [http://www.irs.gov/pub/irs-pdf/f1099msc.pdf IRS Form 1099-MISC] */

2008-02-09T05:12:35Z

[http://www.irs.gov/pub/irs-pdf/f1099msc.pdf IRS Form 1099-MISC]

← Older revision		Revision as of 05:12, 9 February 2008
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	'''NOTE:''' The IRS makes a new 1099-MISC form each year, so make sure you are filling one out for the last full year. So if the date is Jan. 15th, 2008 and you are filling out a 1099-MISC for Jane Doe, you should be filling out a 2007 form '''not''' 2008.		'''NOTE:''' The IRS makes a new 1099-MISC form each year, so make sure you are filling one out for the last full year. So if the date is Jan. 15th, 2008 and you are filling out a 1099-MISC for Jane Doe, you should be filling out a 2007 form '''not''' 2008.

	'''NOTE:''' You '''can't''' just print out and send in a 1099-MISC from the web, there is a $50 per 1099-MISC form for doing so. You must pick up copies from your local IRS Form office or order them . The 1099-MISC is an optional form, so call to make sure they have it.		'''NOTE:''' You '''can't''' just print out and send in a 1099-MISC from the web, there is a $50 per 1099-MISC form for doing so. You must pick up copies from your local IRS Form office or order them which takes roughly 10 days. The 1099-MISC is an optional form, so call to make sure they have it.

	=== [http://www.irs.gov/charities/article/0,,id=172607,00.html IRS Form 1096] ===		=== [http://www.irs.gov/charities/article/0,,id=172607,00.html IRS Form 1096] ===

	You then need to mail a single IRS Form 1096 and the red copies of each 1099-MISC to the IRS before '''February 28th'''. The IRS refers to it as a cover letter.		You then need to mail a single IRS Form 1096 and the red copies of each 1099-MISC to the IRS before '''February 28th'''. The IRS refers to it as a cover letter.

98.202.53.81: /* [http://www.irs.gov/pub/irs-pdf/fw9.pdf IRS Form W-9] */

2008-02-09T05:10:48Z

[http://www.irs.gov/pub/irs-pdf/fw9.pdf IRS Form W-9]

← Older revision		Revision as of 05:10, 9 February 2008
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	=== [http://www.irs.gov/pub/irs-pdf/fw9.pdf IRS Form W-9] ===		=== [http://www.irs.gov/pub/irs-pdf/fw9.pdf IRS Form W-9] ===

	'''Before''' hiring a contractor ~~they should~~ have them fill out an IRS Form W-9. This mainly gets their Social Security Number, address, and signature. If you don't do this, and the contractor refuses to sign a W-9 '''after''' they have done the work -- the organization, tax-exempt or not, has to pay the taxes.		'''Before''' hiring a contractor have them fill out an IRS Form W-9. This mainly gets their Social Security Number, address, and signature. If you don't do this, and the contractor refuses to sign a W-9 '''after''' they have done the work -- the organization, tax-exempt or not, has to pay the taxes.

	=== [http://www.irs.gov/pub/irs-pdf/f1099msc.pdf IRS Form 1099-MISC] ===		=== [http://www.irs.gov/pub/irs-pdf/f1099msc.pdf IRS Form 1099-MISC] ===

166.70.37.46 at 19:58, 8 February 2008

2008-02-08T19:58:46Z

← Older revision		Revision as of 19:58, 8 February 2008
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	~~You might be surprised as to what criteria the [[IRS]] uses to determine a~~ '''contractor''' ~~vs. an [[employee]]~~.		A '''contractor''' aka ''consultant'' is a professional who provides expert advice in a particular domain or area of expertise.

	== Contractor vs. [[Employee]] ==		== Contractor vs. [[Employee]] ==

			You might be surprised as to what criteria the [[IRS]] uses to determine a '''contractor''' vs. an [[employee]].

	''Contractors'' typically use '''their own supplies''' to do a job, and when they are paid, the organization '''doesn't''' take out any taxes. Contractors are then able to write-off supply expenses on their taxes.		''Contractors'' typically use '''their own supplies''' to do a job, and when they are paid, the organization '''doesn't''' take out any taxes. Contractors are then able to write-off supply expenses on their taxes.

166.70.37.46: /* Tax Forms */

2008-02-08T19:56:52Z

Tax Forms

← Older revision		Revision as of 19:56, 8 February 2008
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	As compared to [[employees]] who use the '''organization's supplies''' to do the job and when they are paid, the organization '''does''' take out taxes.		As compared to [[employees]] who use the '''organization's supplies''' to do the job and when they are paid, the organization '''does''' take out taxes.

	== Tax Forms ==		== IRS Tax Forms ==

	=== W-9 ===		=== [http://www.irs.gov/pub/irs-pdf/fw9.pdf IRS Form W-9] ===

	'''Before''' hiring a contractor they should have them fill out an ~~[http://www.irs.gov/pub/irs-pdf/fw9.pdf~~ IRS Form W-9]. This mainly gets their Social Security Number, address, and signature. If you don't do this, and the contractor refuses to sign a W-9 '''after''' they have done the work -- the organization, tax-exempt or not, has to pay the taxes.		'''Before''' hiring a contractor they should have them fill out an IRS Form W-9. This mainly gets their Social Security Number, address, and signature. If you don't do this, and the contractor refuses to sign a W-9 '''after''' they have done the work -- the organization, tax-exempt or not, has to pay the taxes.

	=== 1099-MISC ===		=== [http://www.irs.gov/pub/irs-pdf/f1099msc.pdf IRS Form 1099-MISC] ===

	You need to fill out an ~~[http://www.irs.gov/pub/irs-pdf/f1099msc.pdf~~ IRS Form 1099-MISC] '''before January 31st''' for each contractor or company that you pay over $600 in the tax year. You do not need to file for under $600.		You need to fill out an IRS Form 1099-MISC '''before January 31st''' for each contractor or company that you pay over $600 in the tax year. You do not need to file for under $600.

	'''NOTE:''' ~~They make~~ a new 1099-MISC form each year, so make sure you are filling one out for the last full year. So if the date is Jan. 15th, 2008 and you are filling out a 1099-MISC for Jane Doe, you should be filling out a 2007 form '''not''' 2008.		'''NOTE:''' The IRS makes a new 1099-MISC form each year, so make sure you are filling one out for the last full year. So if the date is Jan. 15th, 2008 and you are filling out a 1099-MISC for Jane Doe, you should be filling out a 2007 form '''not''' 2008.

	'''NOTE:''' You '''can't''' just print out and send in a 1099-MISC from the web, there is a $50 per 1099-MISC form for doing so. You must pick up copies from your local IRS Form office or order them . The 1099-MISC is an optional form, so call to make sure they have it.		'''NOTE:''' You '''can't''' just print out and send in a 1099-MISC from the web, there is a $50 per 1099-MISC form for doing so. You must pick up copies from your local IRS Form office or order them . The 1099-MISC is an optional form, so call to make sure they have it.

	=== 1096 ===		=== [http://www.irs.gov/charities/article/0,,id=172607,00.html IRS Form 1096] ===

	You then need to mail a single ~~[http://www.irs.gov/charities/article/0,,id=172607,00.html~~ IRS Form 1096] and the red copies of each 1099-MISC to the IRS before '''February 28th'''.		You then need to mail a single IRS Form 1096 and the red copies of each 1099-MISC to the IRS before '''February 28th'''. The IRS refers to it as a cover letter.

166.70.37.46: /* 1096 */

2008-02-08T19:54:59Z

1096

← Older revision		Revision as of 19:54, 8 February 2008
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	=== 1096 ===		=== 1096 ===

	You then need to mail a single [http://www.irs.gov/charities/article/0,,id=172607,00.html IRS Form 1096] and the red copies of each 1099-MISC to the IRS by '''February 28th'''.		You then need to mail a single [http://www.irs.gov/charities/article/0,,id=172607,00.html IRS Form 1096] and the red copies of each 1099-MISC to the IRS before '''February 28th'''.

166.70.37.46 at 19:53, 8 February 2008

2008-02-08T19:53:20Z

@@ Line 1: / Line 1: @@
 You might be surprised as to what criteria the [[IRS]] uses to determine a '''contractor''' vs. an [[employee]].
-== '''Contractor''' vs. an [[Employee]] ==
+== Contractor vs. [[Employee]] ==
-Contractors typically use '''their own supplies''' to do a job, and when they are paid, the organization '''doesn't''' take out any taxes.  Contractors are then able to write-off supply expenses on their taxes.
+''Contractors'' typically use '''their own supplies''' to do a job, and when they are paid, the organization '''doesn't''' take out any taxes.  Contractors are then able to write-off supply expenses on their taxes.
 As compared to [[employees]] who use the '''organization's supplies''' to do the job and when they are paid, the organization '''does''' take out taxes.

166.70.37.46: New page: You might be surprised as to what criteria the IRS uses to determine a '''contractor''' vs. an employee. == '''Contractor''' vs. an Employee == Contractors typically use '''t...

2008-02-08T17:50:27Z

New page: You might be surprised as to what criteria the IRS uses to determine a '''contractor''' vs. an employee. == '''Contractor''' vs. an Employee == Contractors typically use '''t...

New page

You might be surprised as to what criteria the [[IRS]] uses to determine a '''contractor''' vs. an [[employee]].

== '''Contractor''' vs. an [[Employee]] ==

Contractors typically use '''their own supplies''' to do a job, and when they are paid, the organization '''doesn't''' take out any taxes. Contractors are then able to write-off supply expenses on their taxes.

As compared to [[employees]] who use the '''organization's supplies''' to do the job and when they are paid, the organization '''does''' take out taxes.