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  
 

diehard75
Mar 17, 2007, 08:35 PM
Hi

I would like to ask a question about how to file tax return for my sign-on bonus.

I was a F1 student during year 2006. At the end of year 2006, I found a job and the company gave me a one-time sign-on bonus. I received the whole amount by the end of year 2006 and the company didn't deduct any amount of tax for me. After I joined the company in 2007, I received a 1099 MISC form for my tax return.

I will file my tax as non-resident for year 2006. My question is how I can file tax for my sign-on bonus? Do I need to fill up the Schedule C/C-EZ form? I have red the Schedule C/C-EZ form, and it seems for the small business owner. Can I just fill up line 21 (other income) in 1040nr for my sign-on bonus without filling up Schedule C/C-EZ? And could I even file my tax using 1040nre by putting the sign-on bonus as my total wage?

Thanks for any help!

diehard75
Mar 19, 2007, 08:13 PM
Please kindly help me to answer my question. Thanks!

AtlantaTaxExpert
Mar 22, 2007, 09:07 AM
Diehard:

Please read the sticky post! It IS tax season!

Filr Form 1040NR witha Schedule C or C-EZ. It has the same effect as putting the income on Line 21, because you have NO self-employment tax requirements for 2006.

You may want to get professional tax help!