1099

[Jon Page]

---------------------- multipart/alternative attachment
At 12:16 AM 02/15/2000 -0800, you wrote:
>Hi all,
<snip>
>I have a question for other floor tuners out there, (In California) like me
who have not yet started there own business. Even though we work for a piano
store, we are (at least in my case) considered  "independant contractors", and
we get a  "1099" form at the end of the year. Do we have to make quarterly
statements, or just pay our taxes at the end of the year? I appreciate any
help
in this area, until I can meet with an accountant, which may not be for a
while. 
>
>Best wishes,
>
>Terry Peterson


Yes, you have joined the ranks of quarterly filers.
15.3% to Social Security
10+% to the Feds (depending on your tax bracket)
5% to the state (Massachusetts)

Figure one third of your income going for taxes. However, beings self-employed
there are deductions. Vehicle mileage (business portion), home
office/expenses,
insurance, PTG dues and convention expenses,

Record keeping is important. I use Quicken for the accounts, it imports right
into TurboTax and your taxes are done in relatively short time. When it comes
time
for a quarterly tax payment, I generate a quarterly report in Quicken,
subtract
business expenses from income and send 25% to the Fed and 5% to the state
of Mass.

It's like they say, there's two things which are certain in this like, death
and watching
you hard earned money be pissed away foolishly by politicians. I never
changes.

So, first few hours of my work today will be extorted for the special
interests
of our elected officials.

And to think, the Revolutionary War was started over a 3% tax.
They would absolutely flip !

I need to get to work now, Air Force II is logging a lot of miles . . .

Keep your nose to the grind stone and your shoulder on the wheel and you
will have a flat nose and rounded shoulders.

Regards,

Jon Page,   piano technician
Harwich Port, Cape Cod, Mass.
mailto:jonpage@mediaone.net
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
---------------------- multipart/alternative attachment
An HTML attachment was scrubbed...
URL: https://www.moypiano.com/ptg/pianotech.php/attachments/c3/82/96/f2/attachment.htm

---------------------- multipart/alternative attachment--