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2008 Taxes Kicked Our Butts

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  • #1

    2008 Taxes Kicked Our Butts

    OK, so never get caught up in a practice that treats employees like contractors. YOU get stuck with the employer taxes at the end of the year.
    Anyone got a line on a good tax loan?

    RB
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  • #2
    Yuck! I'm sorry. Wish I had some good advice for you. I was on contract without taxes withheld for the first quarter of this year. I muddled through the estimated contribution worksheets, and I *think* I did it right, but it'll be interesting to see if/how much I owe for next year. Were you paying in quarterly?
    Laurie
    My team: DH (anesthesiologist), DS (9), DD (8)

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    • #3
      When I do consulting work, I get stuck with the self employed taxes....it's awful.
      Add in the nanny taxes we pay, and the AMT, and I might as well just roll over and give the IRS the keys to my house.
      Enabler of DW and 5 kids
      Let's go Mets!

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      • #4
        Only if they agree to do all of the repair work Fluff!

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