Caretaker

[bikerfritz]

What is the name of your state (only U.S. law)? HI

Hi, i could work a certain amount of hours a week (27) as a maintenance/caretaker person at an estate. As the only compensation, i would live there for free with all utilities included.

Would that count as income?
How would i be taxed?

Thanks

 

[LdiJ]

What is the name of your state (only U.S. law)? HI

Hi, i could work a certain amount of hours a week (27) as a maintenance/caretaker person at an estate. As the only compensation, i would live there for free with all utilities included.

Would that count as income?
How would i be taxed?

Thanks

What is the fair market value of the rent and utilities?

 

[bikerfritz]

What is the fair market value of the rent and utilities?

It is a pretty small place, so around $1600...

Thanks

 

[LdiJ]

It is a pretty small place, so around $1600...

Thanks

Then 1600.00 would be your monthly income from the job. I do not know how your employer intends to handle it for tax purposes.

 

[bikerfritz]

Then 1600.00 would be your monthly income from the job. I do not know how your employer intends to handle it for tax purposes.

Thanks for your answer.
He would not employ me, i would work as an independent contractor...

 

[justalayman]

Thanks for your answer.
He would not employ me, i would work as an independent contractor...

It's almost certain you were an employee and not an IC, regardless of how he acted. He can't consider you an IC when the law says you were an employee.

 

[LdiJ]

It's almost certain you were an employee and not an IC, regardless of how he acted. He can't consider you an IC when the law says you were an employee.

Well he CAN and probably will whether the OP accepts the job or someone else does. Until he treats someone as an IC and that person reports him to the IRS and the IRS rules that they should have been treated as an employee, he will continue to do it.

 

[bikerfritz]

OK - thanks for all your answers.