Question
Transitioning From FT Employment (W2) to Independent Contractor
Hello:
I'm currently a full-time, W2, employee who will be transitioning into an independent contractor status when my school starts in September. I have several questions to that end:
1. My understanding is that as an independent contractor, I would need to pay taxes quarterly. Since I'm transitioning to being a contractor in September, does that mean I need to pay taxes twice before the end of the year?
2. Does TurboTax offer services for independent contractors filing taxes? I can't seem to access such a page from my standard TurboTax dashboard.
Thank you.
