If i hire an independant contractor, what goverment forms does he need to fill out?
Answers: The whole point of hiring him is that you don't have to worry about that. Kick back.
Make sure your treat this person like an independent contractor and not an employee.
I have a general explanation about independent contractors and their employers. (Employers is in the broadest sense of the word.)
Some employers try to get around paying employment taxes (social security and unemployment) and other employee benefits like workers compensation insurance by improperly classifying employees as independent contractors. Some employees try to avoid taxes by getting paid under the table but when the time comes to collect Social Security, they suddenly remember their old employer did not comply with employment laws. The fact that the employer and the worker agreed that an independent contractor relationship existed is irrelevant. You cannot agree to do wrong and call it right.
The basic issue is the amount of control the employer has over the worker. If the worker is required to show up for work--personally--at a particular time, punch the clock, use the employer’s equipment and is paid an hourly rate, or another set rate based on time served, he is an employee. If either side doesn't understand the difference, I would be even more convinced that the worker is an employee. What is the preference, Slotted or Phillips? The worker can complete an IRS Form SS-8 to get an official ruling on the his status. When the worker files his income tax return, he can attach a new form, IRS Form 8919 Uncollected Social Security and Medicare Tax on Wages and only pay the employee's half of social security but will still have to cough up all the income tax. This kind of thing generates IRS audit interest. IRS and the states are stepping up enforcement in this abuse area.
http://www.irs.gov/pub/irs-pdf/fss8.pdf.
http://www.irs.gov/pub/irs-pdf/f8919.pdf
http://www.irs.gov/newsroom/article/0,,i...
http://www.irs.gov/newsroom/article/0,,i...
Can we trade online in GOI (Govt. of India) Bonds with Reliance Money...?
Answers: Yes, you can trade GOI bonds with Reliance money. In the market the prices are going at a very price so just check it out.
may be
Has anyone ever use turbo tax online if so what number can i call to check the status of my refunds?
Answers: got to
http://www.irs.gov
to check the status. It is a little obscure but keep clicking and you will find the place to do this check.
You can go to this IRS refund status webpage and check here: https://sa2.www4.irs.gov/irfof/lang/en/i...
Once the IRS accepts your return from Turbotax, then you have to keep checking with them for any updates. It usually takes a day or two before it shows up on the IRS page as processing, and then it will update on Wed of every week.
Turbo tax will not be able to answer that for you. Go directly to
the IRS site and click on the "wheres my refund" .
The address below should take you right to the appropriate page.