AboutJohn Stancil, CPA Expertise I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I teach tax and accounting at a small church-related college. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a part time tax practice for over 30 years. I am a member of the AICPA, National Society of Tax Professionals, and the Institute of Management Accountants.
Experience I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper.
Question i currently work off the books but my employer pays me with a check. i have
been working there for about 5 years. i also work an on the books job and
im wondering if im able to file the 2nd job as an independent contractor if im
already filing a w2 with my main job. Im doing this because i thought he was
paying my taxes like he told me. i discovered that my boss is not paying my
taxes so i want to do this the right way.
Answer Steve,
Yes, you need to file amended return for all years in which the off the books income was received. Report the earnings on Schedule C and compute your self-employment taxes on Schedule SE.
You can also file and SS-8 form to get a determination from the IRS as to whether you are an employee or independent contractor. If an employee, they can force the employer to pay his share of the social security taxes.
