Author: Cynthia Chow

1. What is an estimated tax payment? An estimated tax payment is a tax payment made by individuals or businesses on income that is not subject to withholding, such as self-employment income, rental income, investment income, and other sources of Read More …

1. What are estimated tax payments? Estimated tax payments are periodic payments made by individuals and businesses to the Internal Revenue Service (IRS) and state taxing authorities throughout the year to cover their tax liabilities. These payments are made on Read More …

1. What are estimated tax payments? Estimated tax payments are periodic payments made by individuals and businesses to the IRS or relevant tax authority throughout the year in anticipation of their yearly tax liability. These payments are typically made quarterly Read More …

1. How are 1099 earnings taxed in Washington state? In Washington state, 1099 earnings are subject to the state’s business and occupation tax, which is a gross receipts tax imposed on businesses engaging in certain activities within the state. This Read More …

1. What is considered 1099 income in Utah? 1. In Utah, 1099 income refers to earnings received as a non-employee, typically reported on Form 1099-MISC or Form 1099-NEC, for services rendered as an independent contractor, freelancer, or self-employed individual. This Read More …

1. Do I need to pay state income taxes on my 1099 earnings in New Hampshire? No, in New Hampshire, there is no state income tax on 1099 earnings. New Hampshire is one of the few states that do not Read More …

1. How are 1099 earnings taxed in Illinois? In Illinois, 1099 earnings are taxed as ordinary income. Individuals who receive 1099 income are considered self-employed independent contractors and are responsible for reporting their earnings on their state tax returns. The Read More …

1. Are independent contractors required to have workers’ compensation insurance in West Virginia? In West Virginia, independent contractors are generally not required to have workers’ compensation insurance as they are considered self-employed individuals. However, there may be certain circumstances where Read More …

1. Are independent contractors in Minnesota eligible for workers’ compensation benefits? Independent contractors in Minnesota are generally not considered eligible for traditional workers’ compensation benefits. This is because independent contractors are not considered employees of a company but rather individuals Read More …

1. Are independent contractors in Michigan eligible for workers’ compensation benefits? Independent contractors in Michigan are generally not eligible for workers’ compensation benefits as they are not considered employees of a company. However, there are some exceptions where independent contractors Read More …