Question by sac_baby_girl: How do I handle my taxes as a stripper/independent contractor?
I want to do it legally and so that I can start building good credit and be accpeted for a home loan. Please send me a link to a site or something that will help! Thanks.
Best answer:
Answer by Smilin’ Fred
Check with a tax accountant.
What do you think? Answer below!
You would have to report your income, and fill out a w2 that shows you are self employed….my inital reaction was to say to report waaaay less than you actually make, so you don’t pay taxes on it, but since you want to establish a credit history, report the money, and open a bank account….get a few credit cards, and pay them off every month to build up your credit history.
Better yet go to the phone book and look in accountants,
I assume youll be getting a 1099 byt the company you work for, be very careful and make sure you put money back to cover taxes on your earnings. Id say 25% would be a general rule. Wondering if you have to claim all your tips?
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