so there is no confusion, my situation is as follows: i have a boss who owns the flight school. we do 141 and 61 training. there is no negotiated rates with the student. it is a set rate that my boss has made for instruction. the student does not pay me in cash, rather pays the school for the airplane and the instruction and then my boss hands me a check based on my hourly rate and how many hours i had flown the previous 2 weeks before (for example, the school charges $35/hour and I get $20 of it). if a person has their own airplane and wants to get their inst or comm license, he/she still pays the school for instruction and i get paid accordingly. all of the instructors make the same level pay rate as well. im guessing this doesn't make me self-employed or an independent contractor. so now that is out of the way, what do i do when it comes to tax time?? Im guessing I should just Turbo Tax it and call it a day....
|