I am 22 years old and made 51k and have no dependents
2007-02-23 13:56:42 · 8 answers · asked by nyctaurus21 1 in Business & Finance ➔ Taxes ➔ United States
1099 MISC suggests that you had self-employment income. You might find it beneficial to consult a tax professional to ensure you receive the maximum tax benefit from your business expenses and to ensure that you complete a full and accurate return.
2007-02-23 14:05:36 · answer #1 · answered by skip 6 · 1⤊ 0⤋
the full earnings from the W-2's is going on line 7 of a style 1040. The 1099 earnings is going on schedule C or C-EZ. you maximum in all risk choose schedule SE. The numbers from the backside of the schedules flow onto a similar 1040 via fact the W-2's.
2016-11-25 20:06:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
TURBO TAX!
NEVER go to H&R Block!!!! They are very expensive and incompetent. I had to take their class to be in compliance with CA tax preparer laws. We knew more than the teacher. We had to keep correcting the teacher. Several important and BASIC areas were marked in the taxbook as "beyond the scope of this course." Since they were running short on potential hires, they changed the rules adn hired people that FLUNKED the final. I have hears numerous horror stories from FOMER clients of Block.
2007-02-23 15:37:11 · answer #3 · answered by Dizney 5 · 1⤊ 0⤋
Unless you are very financially adept, I would recommend you go to a professional tax preparer. There are many deductions you can take for your 1099 income and an experienced preparer will know right off the top of his head what those deductions are. There are many experienced tax preparers out there who won't charge you a fortune. Ask your friends, family members and other independent contractors for recommendations, and ask them what they paid to get their taxes done. Best of luck!
2007-02-23 14:06:28 · answer #4 · answered by Lilly 3 · 2⤊ 0⤋
Hi
Try out this this site . This may help you in getting deductions for 1099 and others. Bye
2007-02-24 01:05:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Turbo tax is great, just pay $40 or w/e online and it takes an hour or two and your done, very easy :)
2007-02-23 16:10:49 · answer #6 · answered by Project EX 3 · 0⤊ 0⤋
Turbo Tax or TAx Cut. This is so easy you shouldn't have to pay anyone.
2007-02-23 14:05:12 · answer #7 · answered by Marvinator 7 · 1⤊ 1⤋
i use it every year and its very easy ...try this:
http://www.taxact.com/
2007-02-23 15:05:36 · answer #8 · answered by david 3 · 0⤊ 0⤋