joeweissjr[at]hotmail.com (joe) wrote:

- quote -

First, you state that your husband "also works F/T 'outside
the home' and received W4 for that job" -- which I am going
to assume should have read "W-2." The referent for "that
job" is also unclear, but I'm going to assume you meant a
"different" job -- from an employer other than the one who
issued the 1099 Misc.

Given those assumptions, your husband should file a Schedule
C -- or a Schedule C-EZ (if expenses are less than $5,000)
-- and it is on that form that he should report the income
received for his part-time _Self Employment_ (as reported on
the 1099-Misc).

Either form will allow you to deduct expenses incurred for
the production of the income, and internet and cell phone
charges which were directly related could be included. But
don't forget that if the internet connection was also used
for personal E-Mail, etc., that only a percentage of the ISP
charges should be applied to the business expense.

Use of either C or C-EZ will lead to an entry on Schedule
SE, for self-employment tax -- which is the 15.3% of income
which is usually shared by an employer, and the employee's
share is reported on a W-2. The SE will also lead to entries
on the back of the 1040 (for additional tax due) and on the
front (for an adjustment to income deduction equal to 1/2 of
the SE tax).

If my assumptions are wrong and your husband performed the
part-time work for the same employer as his full-time job,
there's a whole different set of entries as a part of
Schedule A, but that's another question.

Bill

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"joe" <joeweissjr[at]hotmail.com> wrote:

- quote -

Yes. Income from the 1099-MISC usually goes on Schedule C
and you can also deduct related business expenses on that
same form. He will also need to pay self-employment taxes
using Schedule SE if the 1099 income was $400 or more. As I
read the instructions, the 1099-MISC work must be "regular"
instead of "sporadic" but those terms do not seem to be well
defined by the IRS.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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"joe" <joeweissjr[at]hotmail.com> wrote:

- quote -

You may be able to do better than you think in this
situation. Get a Form 8829, Schedule CO, and Schedule SE
from http://www.irs.gov .

Wayne Brasch, CPA, M. S. Taxation

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We received a 1099 misc for part time work that my husband
does from home (he also works F/T outside the home and
received W4 for that job). ? Can we deduct expenses related
to his work from home ( which equals 5-10 hours per week):
i.e internet, cell phone?

Thanks

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