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#3
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| rya...[at]ptd.net wrote: - quote - > I'm 18 years old senior in High School. I recieved this year
I would get yourself a copy of Publication 17 and take a> a w-2, total earnings $3570.40 had operation so i had to > quite and got another job where i dont get taxes taken out, > reived a 1099-MISC i only got $1600.00 for that (this is > only for cleaning). SO What do i use to file just a 1040? or > other forms.... Is it possible to use the 1040EZ (im not > finding it on there) Do i still recieved my deduction of > $5,150.00 for being single and only earning $5,170.40? My > grandmother usually does my taxes but she is unsure of the > 1099-MISC and where to get the deduction input if not using > a 1040ez... Can anyone help me with what forms i need and > any other knowledge you have. look at the chart explaining which form to use. The W-2 means you were employed but the 1099MISC means you also were self-employed. Given you were self-employed, you may wish to invest in a tax preparer since the return is not normal for the usual family returns done by an Uncle or Grandmother. (But there are some smart cookies out there. But SE knowledgable preparers are not normal.) << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
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| rya...[at]ptd.net wrote: - quote - > I'm 18 years old senior in High School. I recieved this year
You must use a form 1040 along with schedules S and SE.> a w-2, total earnings $3570.40 had operation so i had to > quite and got another job where i dont get taxes taken out, > reived a 1099-MISC i only got $1600.00 for that (this is > only for cleaning). SO What do i use to file just a 1040? or > other forms.... Is it possible to use the 1040EZ (im not > finding it on there) Do i still recieved my deduction of > $5,150.00 for being single and only earning $5,170.40? My > grandmother usually does my taxes but she is unsure of the > 1099-MISC and where to get the deduction input if not using > a 1040ez... Can anyone help me with what forms i need and > any other knowledge you have. You have to pay your own social security and medicare tax. Missy Doyle << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
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| <ryan88[at]ptd.net> wrote - quote - > I'm 18 years old senior in High School. I recieved this year
You can't use the 1040EZ.> a w-2, total earnings $3570.40 had operation so i had to > quite and got another job where i dont get taxes taken out, > reived a 1099-MISC i only got $1600.00 for that (this is > only for cleaning). SO What do i use to file just a 1040? or > other forms.... Is it possible to use the 1040EZ (im not You've "graduated" to the full blown 1040, including Schedule C and SE for the $1600 self-employment income. That $1600 will cost you about $240 in SE tax. - quote - > finding it on there) Do i still recieved my deduction of
Consider giving grandma a big hug and taking your paperwork> $5,150.00 for being single and only earning $5,170.40? My > grandmother usually does my taxes but she is unsure of the > 1099-MISC and where to get the deduction input if not using > a 1040ez... Can anyone help me with what forms i need and > any other knowledge you have. to a tax professional this year. And consider finding employment where they treat you as an employee. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| ryan88[at]ptd.net writes: - quote - > I'm 18 years old senior in High School. I recieved this year
1040 plus Schedule C (or C-EZ) plus Schedule SE.> a w-2, total earnings $3570.40 had operation so i had to > quite and got another job where i dont get taxes taken out, > reived a 1099-MISC i only got $1600.00 for that (this is > only for cleaning). SO What do i use to file just a 1040? or > other forms.... - quote - > Is it possible to use the 1040EZ (im not
No, because you have business income.- quote - > finding it on there) Do i still recieved my deduction of
Yes, so your *income* tax will be near zero. However,> $5,150.00 for being single and only earning $5,170.40? that doesn't get you out of the self-employment tax on the 1099-MISC job. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| I'm 18 years old senior in High School. I recieved this year a w-2, total earnings $3570.40 had operation so i had to quite and got another job where i dont get taxes taken out, reived a 1099-MISC i only got $1600.00 for that (this is only for cleaning). SO What do i use to file just a 1040? or other forms.... Is it possible to use the 1040EZ (im not finding it on there) Do i still recieved my deduction of $5,150.00 for being single and only earning $5,170.40? My grandmother usually does my taxes but she is unsure of the 1099-MISC and where to get the deduction input if not using a 1040ez... Can anyone help me with what forms i need and any other knowledge you have. Thank You! << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| 1099misc |
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