US Tax Guide
Tax guidance for FlexDuty experts based in the United States.Overview
As a US-based independent contractor:- You’re responsible for your own taxes
- FlexDuty does NOT withhold taxes
- You may owe self-employment tax
- You’ll receive a 1099-NEC if earnings exceed $600
Required Documentation
W-9 Form
Complete a W-9 during onboarding to provide:- Your legal name
- Social Security Number (SSN) or
- Employer Identification Number (EIN)
- Your address
Tax Forms You’ll Receive
1099-NEC
If you earn $600 or more in a calendar year:- You’ll receive Form 1099-NEC by January 31
- Sent via Stripe to your registered address/email
- Report this income on your tax return
If you earn less than $600, you may not receive a 1099, but you’re still required to report all income.
Self-Employment Tax
As a contractor, you pay:| Tax | Rate | Notes |
|---|---|---|
| Social Security | 12.4% | On first ~$160k |
| Medicare | 2.9% | On all income |
| Total SE Tax | 15.3% | Half deductible |
Estimated Taxes
If you expect to owe $1,000+ in taxes:- Make quarterly estimated payments
- Due dates: April 15, June 15, Sept 15, Jan 15
- Use Form 1040-ES
- Avoid underpayment penalties
Deductions
Common deductions for security consultants:- Home office expenses
- Computer and equipment
- Software and tools
- Professional certifications
- Internet and phone (business portion)
- Health insurance premiums
- Retirement contributions (SEP IRA, Solo 401k)
Record Keeping
Keep records of:- All income (export from FlexDuty)
- Business expenses with receipts
- Mileage logs (if applicable)
- Home office calculations
Filing
Report FlexDuty income on:- Schedule C (Profit or Loss from Business)
- Schedule SE (Self-Employment Tax)
- Form 1040 (Individual Tax Return)
State Taxes
Remember:- Most states have income tax
- Some require estimated payments
- Check your state’s requirements
Getting Help
Consider:- Tax software (TurboTax Self-Employed, etc.)
- CPA or tax professional
- IRS resources for self-employed