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How is the Tax calculated for commission based employement?

NEW YORK STATE, NY CITY. I work at an agency where I get commission check, I get it regularly, and then at the end of the month, they add whatever is remaining on my commission on top and payme the balance. On my paycheck, it states "Commission" and it is simple Company Check, not employment Check, it does not have any Tax Witheld or Social Security. And I don't think I have medical insurance, etc. I started working there in about Nov 1st. How will the salary be reported to IRS, and how will I file my taxes? Is it going to be indepenedent contractor / outside position, and then I should be able to claim all of my expenses to work there, such as transportation, food, etc. Or should I just start another business, and work at my job under that business so taxing could be easier? I am new to this, so any help would be appreciated.

Public Comments

  1. I realize that you are asking how you will be taxed because you don't know, but we can't answer because we have no idea what kind of work you do. Is in insurance? Is it selling cars? What? You could be an independent contractor and could deduct LEGITIMATE business expenses (commuting and food are personal expenses) by filing a subject C. (Incorporating just makes your tax situation more expensive to process, but it doesn't save you any money since it's still from work and you still owe FICA/MC or SE tax no matter how you file.)
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