1099-misc question

Richard Fangnail · Joined: 16 Feb 2008 Posts: 2

I worked as a temp for a place and they sent me a 1099-misc with my
total pay listed as nonemployment compensation and nothing else filled
in. Am I supposed to put this figure into Sch. C and Sch SE, and if
so, which lines?

I did not do any estimated taxes, my mistake.

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Archived from group: misc>taxes>moderated

Mike20878 · Joined: 25 Aug 2007 Posts: 10

On Feb 16, 2:07 am, Richard Fangnail
wrote:
> I worked as a temp for a place and they sent me a 1099-misc with my
> total pay listed as nonemployment compensation and nothing else filled
> in. Am I supposed to put this figure into Sch. C and Sch SE, and if
> so, which lines?
>
> I did not do any estimated taxes, my mistake.
>

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.

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Bill · Joined: 25 Aug 2007 Posts: 618

richardfangnail@excite.com (Richard Fangnail) posted:

>I worked as a temp for a place and they sent
>me a 1099-misc with my total pay listed as
>nonemployment compensation and nothing
>else filled in. Am I supposed to put this figure
>into Sch. C and Sch SE, and if so, which
>lines?

>I did not do any estimated taxes, my mistake.

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

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Richard Fangnail · Joined: 16 Feb 2008 Posts: 2

On Feb 16, 9:08 am, Mike20878 wrote:
> On Feb 16, 2:07 am, Richard Fangnail
> wrote:
>
> > I worked as a temp for a place and they sent me a 1099-misc with my
> > total pay listed as nonemployment compensation and nothing else filled
> > in. Am I supposed to put this figure into Sch. C and Sch SE, and if
> > so, which lines?
>
> > I did not do any estimated taxes, my mistake.
>
> 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.

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#.

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Harlan Lunsford · Joined: 25 Aug 2007 Posts: 790

Mike20878 wrote:
> On Feb 16, 2:07 am, Richard Fangnail
> wrote:
>> I worked as a temp for a place and they sent me a 1099-misc with my
>> total pay listed as nonemployment compensation and nothing else filled
>> in. Am I supposed to put this figure into Sch. C and Sch SE, and if
>> so, which lines?
>>
>> I did not do any estimated taxes, my mistake.
>>
>
> 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.
>
"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

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