|
#3
03-24-2009, 11:52 PM
| |||
| |||
 Re: How to report this income? in article 9aceec08-c8ed-4169-9a34-ec69373359a4...oglegroups.com, martin lynch at odiegoogle[at]yahoo.com wrote on 3/22/09 8:11 PM: - quote - > I am a licensed dentist. I worked for two days at a dental office, as
C. If you already have a practice, I would just add the income to your> a temp, and the office paid me directly with a check for $800. They > did not take any money out for taxes. Were they supposed to supply a > W-2, or a 1099-MISC? Or can I report this income some other way? And > if so, in what way? Was I considered a sub-contractor? Self- > employment? You are being paid as an independent contractor and need to file a schedule existing self employment income. Uncompensated advice guaranteed correct or double your money back Frank S. Duke, Jr. CPA Cincinnati, OH USA -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#2
03-23-2009, 09:22 PM
| |||
| |||
| Re: How to report this income? "Arthur Kamlet" <kamlet[at]panix.com> wrote in message news:gq6knv$h3e$2[at]reader1.panix.com... - quote - > In article
No. Sounds as if they've treated you as an independent contractor, but<9aceec08-c8ed-4169-9a34-ec69373359a4[at]a12g2000yqm.googlegroups.com> , > martin lynch <odiegoogle[at]yahoo.com> wrote: > > I am a licensed dentist. I worked for two days at a dental office, as > > a temp, and the office paid me directly with a check for $800. They > > did not take any money out for taxes. Were they supposed to supply a > > W-2, or a 1099-MISC? Or can I report this income some other way? And > > if so, in what way? Was I considered a sub-contractor? Self- > > employment? > Sure sounds as if you are an independent contractor. Report on Schedule C > and if schedule C profit is over $433, also use schedule SE. "temp workers" are often employees. Before going with the above, grab an IRS form SS-8 and answer the questions. Regardless, you'll still be responsible for your half of the FICA taxes. -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#1
03-23-2009, 12:22 AM
| |||
| |||
| Re: How to report this income? "martin lynch" <odiegoogle[at]yahoo.com> wrote in message news:9aceec08-c8ed-4169-9a34-ec69373359a4[at]a12g2000yqm.googlegroups.com... - quote - > I am a licensed dentist. I worked for two days at a dental office, as
Yes, but even if they didn't give you a 1099-MISC you are supposed to report> a temp, and the office paid me directly with a check for $800. They > did not take any money out for taxes. Were they supposed to supply a > W-2, or a 1099-MISC? the income. - quote - > Or can I report this income some other way? And
All the same. If you have no expenses you can put it in line 20 of the Form> if so, in what way? Was I considered a sub-contractor? Self- > employment? 1040. Or you can more appropriately put it on a Schedule C along with any expenses. In either case the net profit after any expenses is subject to self-employment taxes. -- Charles M. Shanes, CPA Richmond, VA QuickBooks ProAdvisor www.shanescpa.com ========================================= MODERATOR'S COMMENT: Typo: That is Line 21. -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
03-22-2009, 11:22 PM
| |||
| |||
| Re: How to report this income? In article <9aceec08-c8ed-4169-9a34-ec69373359a4[at]a12g2000yqm.googlegroups.com> , martin lynch <odiegoogle[at]yahoo.com> wrote: - quote - > I am a licensed dentist. I worked for two days at a dental office, as > a temp, and the office paid me directly with a check for $800. They > did not take any money out for taxes. Were they supposed to supply a > W-2, or a 1099-MISC? Or can I report this income some other way? And > if so, in what way? Was I considered a sub-contractor? Self- > employment? Sure sounds as if you are an independent contractor. Report on Schedule C and if schedule C profit is over $433, also use schedule SE. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#-1
03-22-2009, 11:11 PM
| |||
| |||
| How to report this income? I am a licensed dentist. I worked for two days at a dental office, as a temp, and the office paid me directly with a check for $800. They did not take any money out for taxes. Were they supposed to supply a W-2, or a 1099-MISC? Or can I report this income some other way? And if so, in what way? Was I considered a sub-contractor? Self- employment? -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Income & Expenses Report mb: I am confused by the Transfers at the end of the Income & Expenses report. It seems to double count on the bottom line. If I purchase $1000 in... | Microsoft Money | 4 | 08-31-2007 01:58 AM | |
| Income/Expense Report davenc: At present, when I download investment transactions, dividends are transferred to my cash account. They appear on the montly income/expense report... | Microsoft Money | 13 | 08-13-2006 12:06 AM | |
| How to report child's income Kathrin: I am head of household with a 17 year old dependent (child), who earned around 2K last year and paid taxes on it. I am not quiete sure how to add... | Taxes | 16 | 01-31-2006 07:25 PM | |
| How to report various income types? skull_leader7@yahoo.com: A few questions on how to report various types of income. 1. A class action lawsuit relating to unpayed overtime against my employer was settled... | Taxes | 2 | 03-09-2005 08:42 PM | |
| income-expense report Janet Morganfd5: I can not get my income to show up on the monthly income expense report.....what am I doing wrong? Everything is correct on the Account Balances,... | Microsoft Money | 1 | 05-13-2004 11:59 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
