as Dr LJ

[gsh]

Say I do a bit of friendly contracting for someone, and get a few thousand dollars as pay. I'm given a check for X dollars, and neither fed taxes nor social security are taken out. I can figure out how to get this income declared on my 1040 fed return. What do I need to do to make sure my social security and other "payroll" taxes are paid legally?

Comments

[cappyhead.livejournal.com]

IANATP (I am not a tax professional) but I agree with this advice. Back when I did additional work on the side, this is exactly what I did, using my SSN as my EIN and Schedule C. I used to do my taxes by hand on paper (old school!) and it still wasn't that hard.

Good luck!

(Edited to change the word "Form" to "Schedule.")

[gsh]

Thank you

[cappyhead.livejournal.com]

I just remembered. You may want to look into the local and state tax ramifications of this income. In Philadelphia I believe I had to file separate city business taxes, which were kind of a pain.