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Paper carrier taxes

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Offline  Paper carrier taxes
#1

Posted: May 20, 2018, 7:11 PM Post
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My 20 son is going to take a job as a Journal/Sentinel paper carrier to supplement his summer baseball coaching income. They stated to him that they treat carriers as independent contractors and will 1099 him. Anyone have any experience with this? Does he need to set up a business?, pay estimated quarterly taxes?, schedule C?.


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Offline  Re: Paper carrier taxes
#2

Posted: May 20, 2018, 7:47 PM Post
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Highly unlikely he'll earn enough money to have to pay estimated quarterly taxes. Doesn't need to set up a business, but will need to do a schedule C (not difficult for a simple job). I had several jobs when I was young where I was a 1099. Just make sure to keep track of all deductible expenses including any mileage.


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Offline  Re: Paper carrier taxes
#3

Posted: May 21, 2018, 10:07 AM Post
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Thanks for the info Louis. Will he then have to pay a 15.3% self-employed SS tax on the net profit (after mileage)?


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Offline  Re: Paper carrier taxes
#4

Posted: May 22, 2018, 5:53 PM Post
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It was 20 years ago... I'd look up 2018 tax forms and plug in what you think he'd make and run the numbers.

All I remember is that it was no big deal. I was in outside sales so I had plenty of mileage to deduct.


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Offline  Re: Paper carrier taxes
#5

Posted: May 22, 2018, 6:33 PM Post
Posts: 1089
Location: Madison, WI
https://www.irs.gov/faqs/interest-divid ... employed-2


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