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Article from:Independent Consultant January 2009 Issue 23The Independent Consultant Issue No. 23, January 2091 of 3http://newsletters.soa.org/soaic/issues/20090120/4.htmlNewsletter of the Entrepreneurial
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What is independent consultant?
An independent consultant is a professional who provides expert advice and services to clients on a contract basis.
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Independent consultants are required to file their services and payments received as income on their tax returns.
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To fill out information for independent consulting services, you would typically report the income received and any related expenses.
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The purpose of hiring an independent consultant is to gain specialized expertise and support for specific projects or initiatives.
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Information that must be reported includes the name of the consultant, services provided, payments made, and any relevant contracts or agreements.
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