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I will be starting a part-time job doing some accounting work and the company that is hiring me said they will be giving me a 1099 form instead of w-2. I realize I have to pay taxes on my own, but I have the following questions:
1. Do I have to pay taxes quarterly?
2. Since I don't own this business, can I still take deductions like milage?
3. I am also a part-time student trying to finish my accounting degree, since what I am studying helps me with my new job, can school expenses be deductible?
4. Are there any other deductions that I can take? ( I won't be working from home.)
The initial trip from your home to the office, and the last trip from the office to home, IS commuting, whether you are being paid under a W-2 or under a Form 1099.
The IRS has made that point abundantly clear in multiple publications.
I emailed the irs about the commuting and this is part of the overall response they gave me regarding commuting: Form 1099 Misc with the amount of income in Box 7 and not a Form W-2.
Your questions are
regarding expenses such as mileage, clothes, and day care
expenses.***Mileage*** As for your mileage, you cannot deduct the costs of taking a
bus, trolley, subway, taxi, or driving a car between your home and your
main or regular place of work. These costs are personal commuting
expenses. You cannot deduct commuting expenses no matter how far your home
is from your regular place of work. You cannot deduct commuting
expenses even if you work during the commuting trip.***[/color][/i]
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