What is the tax liability for someone that leases a business? As an employee or as an independent contractor?
Submitted by admin on March 26, 2010 – 9:33 pmNo Replies
A web user asks, I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an independent contractor?
Can you help them out? Post your advice!
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