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1099 Independent Contractor Tax Liability

A 1099 independent contractor who earns $70,000 gross and fails to pay taxes faces penalties and potential criminal prosecution.

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Jan 11, 2026
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How are penalties for underpaying 2025 estimated taxes calculated by the IRS?

The IRS treats the underpayment of estimated tax as an interest-style penalty calculated on the amount and timing of shortfalls during 2025, using quarterly statutory rates and safe‑harbor thresholds ...

Jan 8, 2026

if someone makes $70k USD gross per year as a contracted worker, what would happen if they did not pay their taxes?

A 1099 independent contractor who earns $70,000 gross and fails to pay taxes faces a predictable escalation: unpaid self-employment and income tax liabilities, accumulating interest and civil penaltie...