JoeF an other experienced gurus
My spouse and I after lots of hic ups in the gc process have finally obtained it. My spouse now wants to work as an independent contractor. Please let me know the following
1) How is it different from working as an employee ( W2)
2) Do we have to obtain a federal Tax ID number for working as self employed( I am assuming self employed is the right term to use here). In other words do we have to form an Inc ( just for one employee) or my spouse can work as an independent contractor
3) if my spouse receives 1099 after being self employed , can we still file our taxes jointly( I receive W2 from my employer.)
Also any pointers to web site where we can obtain more info will be greatly appreciated
My spouse and I after lots of hic ups in the gc process have finally obtained it. My spouse now wants to work as an independent contractor. Please let me know the following
1) How is it different from working as an employee ( W2)
2) Do we have to obtain a federal Tax ID number for working as self employed( I am assuming self employed is the right term to use here). In other words do we have to form an Inc ( just for one employee) or my spouse can work as an independent contractor
3) if my spouse receives 1099 after being self employed , can we still file our taxes jointly( I receive W2 from my employer.)
Also any pointers to web site where we can obtain more info will be greatly appreciated