Okay this was a really frustrating experience for me. A few weeks ago, my friend talked me into doing a paid project. We were getting paid $200 for completing this one-day event project. We got paid with a check and were told that we would receive a 1099 form at the end of the year, claiming on it that we'd received $200, so that we would have to pay taxes on this amount.
Well the project ran past the time it was supposed to end, and as a result my car got towed. It costed $200 to get it out of the lot(not even speaking of the inconveniences stemming from that horrible experience). Plus, I had to leave work early to get my car, so I lost $90 in pay from doing that.
From my understanding, I worked as an independent contractor on that $200 project(hence the 1099), therefore I should be able to write off business-related expenses. In the end, the expenses(the car tow) costed MORE $ than the $200 I made. I do NOT want to pay taxes on money that I eseentially lost. Any tax advice?
2007-07-20
05:33:09
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4 answers
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asked by
lightning_strikes
1
in
United States