pink_sugar Posted June 18, 2015 Share Posted June 18, 2015 (edited) So I connected with a company who might be interested in some of my services. As a client, I happened to be talking about what I did for work and they said they could possibly utilize my services and asked what my rates were. Now, I have done freelance work twice. The first woman I worked for didn't let on that her intent was to pay under the table. Last year, I worked for another guy who just had me fill out a W-9 in case I made over $600. My question is, is it up to the business to have me fill out a W-9 and bring it to them? Or should they be asking me for this info? If not, what info do they need? Also, how do I decide what is a reasonable charge for services? The last people I performed services for decided what they paid me on an hourly basis. Thanks in advance. Edited June 18, 2015 by pink_sugar Link to post Share on other sites
loveweary11 Posted June 18, 2015 Share Posted June 18, 2015 As a freelancer, it's a 1099 you will mostly be operating under. 1 Link to post Share on other sites
Author pink_sugar Posted June 18, 2015 Author Share Posted June 18, 2015 As a freelancer, it's a 1099 you will mostly be operating under. Ok great. Would I expect the company to 1099 me or am I the one responsible for handling all of that? Link to post Share on other sites
loveweary11 Posted June 18, 2015 Share Posted June 18, 2015 They file the 1099 MISC on you, notifying the IRS of your income as a contractor (rather than an employee). This is treated as income in your filing of your own taxes. Take a look at this link. There is a bit more to it than typical W4 employment. More tax work on your end if not under the table. Specifically, don't feel like the $$$ you get from the place as a contractor is your net income because it's not even close after you pay employment taxes on yourself and income tax as well. https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/How-to-File-Taxes-with-IRS-Form-1099-MISC/INF19989.html In other words, pad out your consulting fees to account for the substantial taxes. 1 Link to post Share on other sites
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