New to workamping, looking for tax advice
My bf and I just accepted our first workamping position, to start in May. We will be paid a wage for half the job, and paid a 1099 for other duties. We will be provided a site for x amount of hour from the wage job. So, with our first position it looks like it's already getting a bit hairy as far as tax implications go.
So, I would like some preemptive advice to keep our taxes simple (and low if possible) before we start working. Is there anything we should look out for (tax-wise) when we enter into contracts? For instance, if one of us is able to be solely responsible for the 1099 duties, it would prevent us from both receiving a 1099 and (both of us) having to pay the base self-employment tax.
I'm not trying to evade taxes, but I am trying to not be excessively or doubly taxed (between the bf and I, who will be filing separately), so if there is any advice for things we can discuss with our employers when we are hired, it would be good to know that now.
How does it work when you are not paid a wage? And just work for a site? Does one person usually carry the brunt of this on their taxes, or both? Will we receive more 1099s for other benefits?
I am just looking for layman's advice here, since I will consult a CPA at the end of the year to do my taxes. If I can avoid pitfalls others have fallen into, let me know!
So, I would like some preemptive advice to keep our taxes simple (and low if possible) before we start working. Is there anything we should look out for (tax-wise) when we enter into contracts? For instance, if one of us is able to be solely responsible for the 1099 duties, it would prevent us from both receiving a 1099 and (both of us) having to pay the base self-employment tax.
I'm not trying to evade taxes, but I am trying to not be excessively or doubly taxed (between the bf and I, who will be filing separately), so if there is any advice for things we can discuss with our employers when we are hired, it would be good to know that now.
How does it work when you are not paid a wage? And just work for a site? Does one person usually carry the brunt of this on their taxes, or both? Will we receive more 1099s for other benefits?
I am just looking for layman's advice here, since I will consult a CPA at the end of the year to do my taxes. If I can avoid pitfalls others have fallen into, let me know!
