1099-misc question

You were a temp? You probably should have received a W-2. Were any taxes withheld from your pay? Check out IRS pub 1779, Independent Contractor or Employee, for a very simple explanation.

snipped-for-privacy@excite.com (Richard Fangnail) posted:

Actually, you can file a Schedule C-EZ -- which, other than your name and SSN, merely requires a title for the type of "business" you operated (probably you could enter a simple word to describe your temp work, such as "Clerk" or "Salesperson" -- and where it requires a 6-digit code for type of business, you can enter 999999 (the miscellaneous, non-specific default option).

There are then only 3 lines you need to worry about: The gross income

-- which would be the figure from your 1099-MISC -- any expenses (and please note you cannot include commuting expense, so it's likely you'll have no entry there) ... and then the net income, after subtracting expenses.

When you get to the SE form, you'll find it directs you to multiply your net self-employment earnings (from the C-EZ) by .9235, which will reduce your tax somewhat -- and then multiply the balance by .153 -- which will result in the actual tax amount due (to be entered on line 58, Form

1040), plus a direction to enter a figure equal to half that amount line 27 of Form 1040 -- as an adjustment to income.

That should do it.

Bill

If you work as a temp through a temp agency you will get a W2. The agency requires ID when you sign up. But I sometimes work as a temp but not through an agency which only requires my ss#.

"Temp" is a condition; being an employee or contractor is a status. Nothing wrong with this situation, and certainly not worth the bother of trying to reclassify as a "real" employee.

ChEAr$, Harlan Lunsford, EA n LA

His accountant is right. You issue a 1099-MISC to someone that you pay for *services*, not for product.

Box 5 is for payments by the boat owner to the crew.

There is no proper box because you shouldn't be issuing the

1099-MISC at all.

Bob Sandler