Independent Contractor 101 for Photographers

[@TheAmshelton]

Thank you SO MUCH! This is a fantastic video. So well laid out and explained. What a gem!

[@bastianaccounting]

You're welcome, I'm glad it was helpful

[@JoshuasActions]

I love how detailed this is thank you for the in-depth look! Much appreciated!

[@bastianaccounting]

You bet!! Thank you for your kinds feedback

[@user-wj8zv5dc7b]

applied first time for working solutions contractor. lets see what happen

[@DivineLightProductions]

Hello, Tiffany! Thank you for sharing this in-depth break-down. What are the key differences between when you should use IRS Form 1099-MISC and 1099-NEC? For example, for services such as media production camera operator, social media strategist, etc.

[@bastianaccounting]

NEC is for anyone who is self employed MISC is for everything else

[@DivineLightProductions]

​ @Tiffany Bastian Thank you! To encourage the IC to complete & deliver a W-9, can the IC Agreement have a clause about the IRS requirement, penalty, and the businesses guidelines/requests regarding the IC delivering a completed W-9?

[@bastianaccounting]

@@DivineLightProductions Totally we inform in the letter the liability the IRS places on us to collect the W-9 and that will have to withhold 24% if they refuse.

[@DivineLightProductions]

@@bastianaccounting Thank you!!

[@sam-bu3em]

@@bastianaccounting there are so many forms of 1099 which one one is independent contractor is it 1099 G?

[@mrs.sherry3200]

You are Awesome Tiffany, thanks for sharing.✨

[@bastianaccounting]

You are welcome!

[@thenobleone-3384]

@@bastianaccounting I'm new to the 1099 T and I'm trying to move from Louisiana to California. Once I print my 1099 T what do I do from there? I lost a lot of my receipts from Door Dash it was stolen I'm not sure if I have to pay my deductibles

[@bastianaccounting]

@@thenobleone-3384 you will need records do deduct do they show on bank statements that could work if audited. Maybe get an app where you can take photos of receipts

[@thenobleone-3384]

@@bastianaccounting Hey I relocated to Chicago and lost my job with Door Dash and someone stole my bags. So I don't have a way to retrieve my receipts from gas stations that I used to deliver customers food and drinks. Do u think I can explain this to someone at H&R Block so I can be compensated cause I was robbed so I don't have any proof of receipts and things I bought. I kept the receipts in my backpack and everything got stolen

[@marishkaspirit]

What about if contractor is în Europe?

[@bastianaccounting]

This depends on what country and what the tax relationship is with the US. You will need to seek out more information on this. You can start here www.irs.gov/businesses/small-businesses-self-employed/reporting-payments-to-independent-contractors. About four paragraphs down the page IRS started to explain foreign contractors. Good Luck!

[@kelvinnguyen6048]

Thank you Tiffany.

[@bastianaccounting]

Welcome!

[@Team8LA]

Just pass EA exam, sure don't want to do 1099 jobs with my ssn#. So I should get a DBA first then EIN then file form 23? Thank you!

[@bastianaccounting]

You can totally do form 23 first that is in your name, then whatever you do can be in business name (tax prep etc)

[@andresmarcano4759]

Hey Tiffany thank you!! It was very interesting and helpful, I have a question though do I need a business license to accept and employment as an independent contractor? It's for a sales position. I don't know if you have some knowledge about it you can share.

[@bastianaccounting]

When you are contracted by someone else you are truly self-employed so it would depend on your states rules for business licenses for your industry something you can probably google or call the state and ask to get a 100% clearn answer.

[@robertbarrett7306]

Hi , this was great,the question I have been searching is what should one do if they get paid 1099 on multiple service jobs . should they create an llc and pool all that income in a bank account or just keep filling as a 1099 person ?

[@bastianaccounting]

If you are contracting to mutliple people then you may as well form a business an LLC would be a good option. You are required to report all income and expenses on your taxes each year on the form Schedule C regardless if you are an LLC or Sole Proprietor. The second you take money for a service or good you are a sole proprietor and should file tax accordingly does that help?

[@robertbarrett7306]

Thank you one last question my wife also gets paid 1099 for consultations can we have a llc together and pool our incomes together?

[@bastianaccounting]

@@robertbarrett7306 that is all personal preference. You can totally do that but remember the limited liability from your state covers the whole LLC let's say one of her clients sues they can take the whole LLC which is your business too.. I teach this here. www.bastianaccounting.com/join

[@robertbarrett7306]

@@bastianaccounting hi i just went to your site and it was awesome thank you.

[@bastianaccounting]

@@robertbarrett7306 Thank you for your kind words

[@GenZentMedia]

What if the contractor labor you employed from overseas (Europe or Asia)?

[@bastianaccounting]

www.irs.gov/forms-pubs/about-form-w-8-ben

[@SelfieKinglol]

A client is asking me if I am backup withholding except or not. I have an LLC . Do I'll get in trouble if I choose the wrong one??.thanks in advance.

[@bastianaccounting]

I am not sure what you are askng can you be clearer?

[@MaddiGirl16]

Can an independent contractor quit/leave the job before the contract expires? Are you allowed to?

[@bastianaccounting]

I suppose you can you are self employed you would just need to look at the terminate clause in your contract if you don't have one make sure you do moving forward.

[@briannabarnhill1741]

What is the best method to holding the correct amount of funds to be able to pay the taxes? I am a new insurance agent and I'm not sure what I'm doing.

[@bastianaccounting]

use the IRS link in the description that walks you through calculating what to set aside.

[@rubyescobar9379]

Great Video- i wished-I would have to seen this video before Since I didn’t have the knowledge about w-9, neither 1099 - on May 2019 therefore I paid more than 28,000 to the Independent Contractor; then later I mailed these forms via certification U.S. Postal Service-to the Independent Contractor however he never return these forms. What should I do next? ?

[@bastianaccounting]

You still report it - try to collect the forms if not then you can check a box on filing that says they refused to provide and give as much information as you have on them. This link has more details polittelaw.com/blog/what-if-a-contractor-or-vendor-refuses-to-provide-a-w-9-for-a-1099/

[@rubyescobar9379]

Tiffany Bastian Thank for your feed back.

[@angeloalissa8636]

Wow so do you still have to do self employment taxes if you form an LLC? How does this work

[@bastianaccounting]

Everyone who is self employed pays this unless your LLC elects to be treated as S-Corp. check out my courses www.bastianaccounting.com/courses

[@mjoeuson]

I just got hired as a contractor to be an executive assistant; what would be the best route for this?

[@bastianaccounting]

The only route is for you to fill out a W-9 and they will issue you a 1099 at year end...

[@mikebarrera1446]

Do I need LLC to start my own independent contractor work as merchandise contractor?

[@bastianaccounting]

You only need an LLC if you want limited liability of your personal vs business assets.

[@mikebarrera1446]

So for example how do I independent contractor for store merchandiser?

[@bastianaccounting]

@@mikebarrera1446 can you make this question clearer are you the merchandiser?

[@mikebarrera1446]

Yes I was on 1099 contractor for 3rd party but I want to do it on my own independent contractor

[@bastianaccounting]

@@mikebarrera1446 Its the same thing if you are being paid as non an employee you are automatically a contractor.

[@lamejoramor336]

Hi. I am having trouble finding out what I need to do to get my independent contractors license as a cosmetologist in Ohio. I have gone to various sites: irs, nolo , KZbin, google, etc. These “veteran” hairstylists don’t want to help or want to “help” by charging you exorbitantly for knowledge. I’m not someone just trying to get things for free. I am a contributor not a taker. All that I have found is the application online, but I want everything to be legally sound. I know to get my individual contractors license and liability insurance. With all that said, I have two questions. How can I get my independent contractors license and what are some other legal things that I need to acquire to accompany this license?

[@bastianaccounting]

Your forming a business essentially so you'll want to get a business bank account, and bookkeeping software such as QuickBooks Online (I have another video no that and how to get my discount) You are a sole proprietor when you start taking cash for services then you have he option to get a DBA "doing business as" in your state (less expensive) or forming an LLC. You can always stay a sole proprietor for now get your license and new bank account and get moving

[@dwanejohnson3772]

Does an independent contractor under the age of 18 need a work permit?

[@bastianaccounting]

Someone under 18 can't legally be contracted because they cannot be bound to legal contract...

[@dwanejohnson3772]

@@bastianaccounting what about freelancing? Would I be able to legally freelance as a software developer under the age of 18?

[@bastianaccounting]

@@dwanejohnson3772 you can totally do it, but because you're under 18 you cannot be bound a contract so clients may steer clear because you can't be held to it make sense? Check this out teens.lovetoknow.com/teen-jobs-career-planning/how-do-freelance-work-if-youre-under-18

[@dwanejohnson3772]

@@bastianaccounting Man, being an ambitious kid is hard sometimes. I'll find a way to work around it though. Thanks for your help!