Job details

Tax accountant needed to perform estimated self-emp & fed & state income tax liabilities for 2021


9 days ago

Only freelancers located in the U.S. may apply. U.S. located freelancers only
We process payroll for a foreign embassy and 4 of its consulates in the US. US citizens and Legal Permanent Residents (LPR) are considered self-employed for tax purposes as neither the Embassy nor its Consulates can withhold and file and pay taxes like any regular employer in the US would do.
For that reason, based on the projected 2021 income for these employees we will have to estimate the self-employment, federal and state income tax for US citizens, and the federal and state income tax for LPR (they do not pay self-employment tax). The resulting numbers will be divided by 12 (payroll is paid monthly), and the corresponding deductions will be set-up in the payroll system. The basis for these calculations will be the employees' earnings, contribution to retirement plans, and we will use the standard deduction based on their filing status.
  • $850
  • Intermediate
    I am looking for a mix of experience and value Experience Level
  • Project Type: One-time project

Skills and Expertise

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About the client

5.00 of 3 reviews
  • United States
    Bethesda 04:10 pm
  • 12 jobs posted
    59% hire rate, 2 open jobs
  • Member since Aug 16, 2015