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How do I find out how to file taxes?
18Jun2008 Filed under: TaxesQuestion:
I work as a secretary at a small company with only about 10 employees. I was hired and didn't have to fill out tax info stuff, so I won't be getting a W-2. I'm getting paid directly out of an account without taxes taken out. I don't want to get in trouble with IRS for their shady business and I really can't quit right now cause I need the money. How do I pay my taxes without the W-2 and information?
Answer:
you are going to have to file as self employed. which means you will not only owe taxes but you will also have to pay your own medicare and social security tax. its not pretty i know but your either going to have pay your taxes now. or pay the taxes latter when the irs finds out and then pay penalties and interest on top of that! so i would leave this job asap if you have a problem with paying all this money out at the end of the year. i do taxes so i know this. and the way that you file as a self employed individual is on a schedule c. net profit or lose of business.
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