What INDEPENDENT CONTRACTOR means: A taxpayer who contracts to do work according to his own methods and who is not subject to control except as to the results of such work. An employee, by contrast, is subject to the control of the employer as to the methods to be used to obtain the desired results.
- Definition Information Returns:
- Dictionary such as Form W-2 and the various 1099 forms, which report to the IRS income and property transactions. The payer, broker, or other designated person is required to file these returns and is subject independent contractor definition.
- Definition Income Averaging:
- Dictionary farmers may sometimes reduce tax liability by computing their income tax as if their current farm income had been spread evenly over the preceding three years. The term also is sometimes used when independent contractor explain.
- Definition Investment Property:
- Dictionary includes property that produces interest, dividends, or royalties other than in the course of a taxpayer's business. Investment property also includes property (not in the course of the independent contractor what is.
- Definition Internal Revenue Service (IRS):
- Dictionary The division of the U.S. Treasury Department responsible for collecting taxes independent contractor meaning.
How works Independent Contractor meaning in Tax definitions I .
