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Old 08-01-2010 | 12:29 PM
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FL410
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Joined: Oct 2005
Posts: 707
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From: Furloughed
Default Financial breakdown (Contract flying)

I have a job that I get paid X per day. It is not salaried nor am I connected to the business that owns the plane. They want to pay me X as an FO to sit in the right seat.
Now my question is: How does that work with Taxes? How do I show that i have $ coming in? My family needs a new car and I need to show that I bring in Y amount each month. How does that work? Is a business license required? Thanks in advance.
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