Ask Experts Questions for FREE Help!
 

Free Answers in 3 Easy Steps

Register Now
3 Steps
 


Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 

MBA Grad
Apr 18, 2006, 12:11 AM
Last year I was a full time student and also during that time I worked as a T.A and consequently have the W-2 with that income and also as an independent contractor (i have the 1099 MISC which corresponds to that income). As I understand it even though my total gross income is below the minimum required to file a return ($8,200) I am still required to file because of the non-employee compensation in the 1099. I was wondering if there is any other way I could file this income (possibly taking into consideration that I was also a full time student) besides Self-employment Income so that I am not required to pay the self employment tax (which is pretty substantial) since my total gross income is below the minimum required or because I was a full time student?

AtlantaTaxExpert
Apr 18, 2006, 09:58 AM
Because you are a student, you MAY be exempt from SE tax, depending on the nature of work you did for the income reflected on Form 1099.

I would need to see the W-2 and 1099. E-mail me at dpmtax@<hidden> and send a scanned copy of each to that address.