An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of ...

An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...

Poor oversight by the Internal Revenue Service allowed nearly 700 contract employees who owed $5.4 million in federal taxes to go undetected as of June 2012, according to a report released Wednesday ...

Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...