Not every worker is equal in the eyes of the law. Austin residents who perform services that can be controlled by an employer, even if the way to achieve an objective is left up to the individual, are known as employees. On the other hand, independent contractors are those who offer their services to the general public and the payer has the right to control only the result of the work and not the way it is performed. For example, doctors, lawyers, subcontractors, accountants and dentists can be considered independent contractors.
Tax obligations can be lessened with the help of professionals
In an ideal world, a Texas resident would understand IRS tax law, the information required to accurately fill out the returns he or she is obligated to do, and correctly enter one's exemptions and deductions. Unfortunately, this rarely happens-incorrect amounts are often entered or forms are not filed in a timely manner. As a result, individuals may find themselves facing an audit or other penalties.
