Ask Experts Questions for FREE Help!
Ask    ||    Answer
 
Advanced  
 

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

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.

Home > Money & Services > Taxes   »   1099 Misc Box 7 but I am an employee

 
Thread Tools Search this Thread Display Modes
Question
 
 
#1  
Old Mar 29, 2008, 06:35 PM
GIDocLA
New Member
GIDocLA is offline
 
Join Date: Mar 2008
Posts: 2
GIDocLA See this member's comment history on his/her Profile page.
1099 Misc Box 7 but I am an employee

Besides my usual W-2, I received a 1099 Misc from my employer with the income reported in Box 7 as non employee compensation. Clearly, I am an employee and don't have a business.
When I try to file, this becomes a very complicated issue.

Any similar experiences? Does anyone know how to file this?

Thanks,


AJR

Reply With Quote
 
     

Answers
 
 
Old Mar 29, 2008, 06:39 PM   #2  
Über Member
N0help4u is offline
 
N0help4u's Avatar
 
Join Date: Sep 2007
Location: dark side of moon, Pa
Posts: 16,919
N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.
Send a message via Yahoo to N0help4u
You need to start off by asking your boss why he is choosing to file you as 1099
It may be financial breaks on his part not claiming you as his employee and in the process you could be losing benefits such as workman's comp and unemployment.
  Reply With Quote
 
     
 
 
Old Mar 29, 2008, 06:46 PM   #3  
New Member
GIDocLA is offline
 
Join Date: Mar 2008
Posts: 2
GIDocLA See this member's comment history on his/her Profile page.
I received a bonus prior to starting my employment.

Thanks for your answer.

AJR
  Reply With Quote
 
     
 
 
Old Mar 29, 2008, 06:52 PM   #4  
Über Member
N0help4u is offline
 
N0help4u's Avatar
 
Join Date: Sep 2007
Location: dark side of moon, Pa
Posts: 16,919
N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.N0help4u See this member's comment history on his/her Profile page.
Send a message via Yahoo to N0help4u
my boss had me on 1099's so she could get out of taxes and all that.
  Reply With Quote
 
     
 
 
Old Mar 29, 2008, 07:11 PM   #5  
Tax Expert
MukatA is offline
 
Join Date: Nov 2007
Location: CA
Posts: 4,640
MukatA See this member's comment history on his/her Profile page.
GIDocLA:
Yes, you don't have any business. But if an employer makes a payment to an employee other than the wages, and the employer does not ask the employee to account for the expenses, then they issue 1099-Misc. Such income is reported on schedule C (Form 1040)-- Profit or Loss from Business (Sole Proprietorship. This is where IRS wants the employee to report such income. And, on this form the employee can directly dedcut his expenses to earn the 1099-Misc income.

For more on how you will treat the 1099-Misc income, read: Your U.S. Tax Return: W2 or 1099: Employee or Independent Contractor.
  Reply With Quote
 
     

Your Answer
Email me when someone replies to my answer
Join Login





Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

 
Similar Sponsors


Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
1099-misc Box 3
(1 replies)
1099-Misc Box 3 on behalf of friends
(1 replies)
1099-MISC (Box 7) and W-2 from same employee
(1 replies)
Box 18 of the 1099-Misc Form
(1 replies)
1099 misc box 7
(1 replies)

Search this Thread

Advanced Search

Bookmarks

Sponsors



Copyright ©2003 - 2009, Ask Me Help Desk.
All times are GMT -8. The time now is 01:18 PM.