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| Archmedes wrote: - quote - > Student worked for a 501(c)(3) organization part-time under
This is exactly the way that the Tax School in IL told us to> a so-called internship program while attending college last > year. The student had assigned work hours, was supervised, > and performed clerical tasks similar to those performed by > other employees of the organization. Basically, just a > part-time grunt. > The organization sent the student a 1099-MISC instead of a > W-2. I understand it is not uncommon for 501(c)(3) > organizations to report their intern part-timers in this > manner. > IMO, the student should report the income as wages rather > than Schedule C / SE tax income, and report his share of SS > and Medicare on form 4137. > Does this sound about right? I find nothing that would > indicate compensation of this nature is entitled to 1099 > treatment, but perhaps I'm missing something. do it. Missy Doyle << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Student worked for a 501(c)(3) organization part-time under a so-called internship program while attending college last year. The student had assigned work hours, was supervised, and performed clerical tasks similar to those performed by other employees of the organization. Basically, just a part-time grunt. The organization sent the student a 1099-MISC instead of a W-2. I understand it is not uncommon for 501(c)(3) organizations to report their intern part-timers in this manner. IMO, the student should report the income as wages rather than Schedule C / SE tax income, and report his share of SS and Medicare on form 4137. Does this sound about right? I find nothing that would indicate compensation of this nature is entitled to 1099 treatment, but perhaps I'm missing something. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| schedule, wages |
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