hrmm. I am of course familiar with paying all the withholding myself, that's not the issue, I've just never been confronted with having to fill out a W-4 for 1099 contract work before.
thanks for the info :-) On 4/11/07, Adkins, Randy <[EMAIL PROTECTED]> wrote: > W4 for 1099 purposes is that the client files with the IRS if they paid > out more than $600 for the services. > They are not bound to withhold anything. That is your job as a > contractor. Those funds will have to be reported. > So my advise is after you receive payment for services, take 35% of it > an put it off the side for taxes. > > I have a client for whom I have a 1099-MISC with. I do the same with > them in regards to taxes. > > -----Original Message----- > From: William Bowen [mailto:[EMAIL PROTECTED] > Sent: Wednesday, April 11, 2007 11:17 AM > To: CF-Community > Subject: W-4 for a 1099-MISC, WTF?? > > I did some set design work for a local community theatre (I'm currently > dsigning a second set for them now) and was asked to fill out a W-4 so > they could file a 1099-MISC for me. > > Now, in all my years of contracting I've never had to fill out a W-4 > when working 1099. Is there some new rule I don't know about? > > These folks are *not* putting me on payroll, nor would I trust them to > withhold anything close to resembling the correct taxes. > > I have also asked a tax person about this, but don't expect a quick > answer given the timing. > > Anyone have any insight? > > All advice or information is assumed to carry the "I am not a tax > lawyer" caveat. > > thanks > -- > will > > "If my life weren't funny, it would just be true; and that would just be > unacceptable." > - Carrie Fisher > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Create robust enterprise, web RIAs. Upgrade & integrate Adobe Coldfusion MX7 with Flex 2 http://www.adobe.com/products/coldfusion/flex2/?sdid=RVJP Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:232247 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
