Choreographer Services Self Employed Document Without Comments
Description
How to fill out Choreographer Services Contract - Self-Employed?
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FAQ
If you're a freelance dancer or performer, you most likely earn some to most of your income as a self-employed individual, meaning you are your own business. As such, you have to understand how taxes apply to that business - we don't have an accounting department to do it for us!
Some ways to prove self-employment income include: Annual Tax Return (Form 1040) 1099 Forms. Bank Statements. Profit/Loss Statements. Self-Employed Pay Stubs.
Form W-9. If you've made the determination that the person you're paying is an independent contractor, the first step is to have the contractor complete Form W-9, Request for Taxpayer Identification Number and Certification.
The IRS Form 1099-NEC is the independent contractor tax form used by businesses to report payments to a contract worker in the previous tax year.
Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more.