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SteveB SteveB is offline
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Default FL homeowner acting as a contractor must deduct F.I.C.A. and withholding tax


"jloc803" wrote in message
oups.com...
I live in Osceola County Florida. According to the county website,
when a homeowner is acting as a general contractor, "Any person
working on your building who is not licensed must work under your
direct supervision and must be employed by you, which means that you
must deduct F.I.C.A. and withholding tax". What exactly does this
mean? How much F.I.C.A. and withholding tax do you deduct? I went to
the IRS website and can't find any forms or guidelines on how to file
this tax.


You also forgot that you must have an industrial insurance policy in place
to cover anyone who does not have their own. When I built houses, I paid
the subs, and had them sign a W2, and at the end of the year sent them a
1099. Most reduced their prices for cash on the spot. I still paid them
about 10% on check so that they would be covered on my industrial insurance.

Building your own house is not hard. But it's more complicated than a lot
of people think.

Steve