19 yrs old, independent contractor, 1099, claimed as dependent by father, made about 1500 dollars, paid no tax

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19 yrs old, independent contractor, 1099, claimed as dependent by father, made about 1500 dollars, paid no tax

2007-01-12 10:29:47 · 2 answers · asked by slhsscs 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

As your income is from "self-employment" you have to file.

You will not owe any income tax but you will owe self-employment tax which is the social security and medicare on the $1500. If this was your only income, you will owe the feds a little over $200.

2007-01-12 10:50:30 · answer #1 · answered by Wayne Z 7 · 2⤊ 0⤋

you are not required to file

2007-01-12 18:37:10 · answer #2 · answered by misskenzie12 2 · 0⤊ 3⤋