"for_idea" <zhiyang[at]gmail.com> writes:

- quote -

Yes, you do have a business. You were an independent
contractor for that company -- that's a business. You don't
have to have a storefront, or employees, etc. to be a
business. Thus you were in business for yourself. And box
7 is the right place. You should fill out a Sched C (and
then Sched SE) and be sure to deduct legit expenses you
incurred while being an IC.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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"for_idea" <zhiyang[at]gmail.com> wrote:

- quote -

You said "worked." You may consider yourself as not in a
business, but many people receiving compensation for
services are paid this way if the payer doesn't class them
as an employee. It goes on Sch C, or Sch C-EZ..

Fred F.

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zhiyang[at]gmail.com (for_idea) wrote:

- quote -

Congratulations! You've just joined the ranks of the
millions of others who thought they were an "employee" and
discovered they were a "contractor."

You must file that income as self-employment, on Schedule C
or C-EZ (probably the latter, since you most likely didn't
have expenses exceeding $5,000). That will lead you to
Schedule SE (Yep, stands for self-employment) ... and that
will cost you 15.3% of the net income.

It seems about 10% of the taxpayers who present themselves
at our site, do so because they couldn't figure out what to
do with that 1099-MISC. And a good bit of the time, they
relate how their "good buddy" told them he was paying them
without "witholding taxes" to save them money.

When they discover the truth, they're often quite annoyed.

Sorry 'bout that.

Bill

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for_idea wrote:

- quote -

They treated you as an outside contractor. Their reporting
is consistent with that view.

If you feel that you were really an employee, see form SS-8
and attach a form 4137 to your return to pay your share of
any FICA taxes.

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Hi, friends,

Last year, I worked for a small company. They gave me some
payment for my work. later, they gave me a 1099MISC form.
They put the payment amount into box7 (non-employee
compensation). I don't have any business. Should I report
the tax as self-employed or other type? By the way, did they
put the payment number into a right box? I feel they should
put it into box3 (other income).

Thanks,

George

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