Have a Tax Question? Ask a Tax Expert
Hi and welcome to Just Answer!As long as you filed SS8 from and the IRS ruled into your favor - you do not need an attorney - and perfectly may prepare your own tax returns.Because you do not have W2 forms - you need to use substitute W2 form - www.irs.gov/pub/irs-pdf/f4852.pdf - and attach this form to your tax returns.
The IRS has developed a new form for employees who have been misclassified as independent contractors by an employer. Form 8919, Uncollected Social Security and Medicare Tax on Wages, will now be used to figure and report the employee’s share of uncollected social security and Medicare taxes due on their compensation.By filing this form - you will pay ONLY your portion of FICA taxes as an employee. And your employer will be responsible to pay their portion.
So I will still be responsible for the State and Federal Income tax?
Ok, I think I understand. So, I will have to pay my portion of the FICA and will still be responsible for any income tax owed based on my taxable income?
That is correct - you will be responsible for federal and state income taxes as well as for your employee portion of social security and Medicare taxes.Your employer will be responsible for employer's portion of social security and Medicare taxes and for unemployment taxes (FUTA and SUTA).