I have a 1099Misc and I am filing using TaxAct Online.
2007-04-04 08:55:48 · 5 answers · asked by hailecam 1 in Business & Finance ➔ Taxes ➔ United States
Many people who are non-employees, do not realize they are self-employed.
If a person sells items on e-bay, they are self-employed.
If a person does work for someone and they are paid without any withholding, they are self-employed.
It is very confusing for some tax payers.
http://www.irs.gov/instructions/i1099msc/index.html
http://www.irs.gov/businesses/small/article/0,,id=99921,00.html
I hope this helps
good luck
2007-04-04 09:16:36 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
If you have a 1099-misc with an amount in the non-employee compensation box, then by definition you ARE self-employed.
If you think that you are misclassified and should be treated as an employee, you can request a determination from the IRS on your status, but in the meantime will have to pay your taxes as self-employed.
2007-04-04 13:44:32 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Why are you filling out a schedule C if you are not self-employed? Income reported on a 1099-Misc does not necessarily need to be reported on a schedule C. It depends on what it is for.
2007-04-07 09:48:27 · answer #3 · answered by Amy F 3 · 0⤊ 0⤋
You really ARE self-employed if you have a Form 1099-MISC listing non-employee compensation.
2007-04-04 09:00:29 · answer #4 · answered by Bostonian In MO 7 · 2⤊ 0⤋
wer
2007-04-04 09:02:59 · answer #5 · answered by mars101_2000 3 · 0⤊ 1⤋