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How does contracting as 1009 work???


I have a friend that was recently given an offer to work for another contractor in our area and this new company pays their techs 1009. 

How does this work?  How will he know how much to save up to pay Uncle Sam at the end of the year?

Any help would be appreciated.


Thanks
This is CABL.com posting #249511. Tiny Link: cabl.co/mbc4x
There are 7 replies to this message
Re: How does contracting as 1009 work??? CrazylinemansEx 6/2/2009 2:19:16 PM
Re: How does contracting as 1009 work??? Gwester843 4/7/2009 2:21:13 PM
Re: How does contracting as 1009 work??? SpeedLasher 4/6/2009 9:38:57 PM
Re: How does contracting as 1009 work??? Lightmaster 4/6/2009 8:33:53 PM
Re: How does contracting as 1009 work??? Jacob Seymour 4/6/2009 6:38:24 PM
Re: How does contracting as 1009 work??? bushmaster 4/6/2009 4:57:41 PM
Re: How does contracting as 1009 work??? cablewifey 4/6/2009 4:56:06 PM