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Employment / Re: Taxes for independent contractors...
« on: Mar 27, 2011, 12:28 pm »
The actual tax forms are fairly straightforward (for ICs or otherwise). Turbotax, HR Block, etc.. are all pretty adept at handling any income form (W2, 1099, 1099-MISC, 1099-DIV, 1099-INT, etc...). As Kay mentioned the trickiest part of being an IC is the deductions and getting your AGI as low as possible. There is a lot of gray area as to what you can legally deduct on your Schedule C or Schedule C-EZ, and this is where a human being is going to be the most helpful. Stage Managers aren't accountants, pretending to be can either have you paying far more tax than you should or on the business end of an IRS audit. Think of what would happen if your accountant tried to call a show, yikes!
