STEM OPT, independent contractor

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Have a situation here, working full time in a University in STEM OPT. Now working another e-verified company as an independent contractor in my field of study. We had an contract agreement. Now, how to pay the tax for 1099 form or how to deal with this situation.

maryoamericale · Sep 1, 2015 10:46 PM · 9,915 views

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The thing with 1099 is you don't pay tax upfront. You pay your taxes quarterly, you pay what they call estimated taxes. Quick googling gave me some forms. My suggestion, get help from tax professional and may be from next time you can do it yourself. Also, save your invoices, bills, receipts etc., unlike W2 there are a lot of things you may be able to deduct, since you are an independent contractor. http://www.ehow.com/how_686638...

yellow · Sep 2, 2015 6:22 PM

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