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Question
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Feb 24, 2006, 05:38 AM
| | New Member  | | Join Date: Feb 2006
Posts: 5
| | | Can F-1 Student receive a 1099 Misc Form?
Please advise can an F-1 Student receive a 1099 Misc Form and file taxes?
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Answers
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Feb 24, 2006, 09:32 AM
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#2
| | | Senior Tax Expert
Join Date: Feb 2005 Location: Atlanta, Georgia
Posts: 13,322
| Yes. You must prepare Form 1040NR, which allows you to attach a Schedule C to account for the income reported on Form 1099-MISC and, most importantly, allows you to claim deductions to help offset that income.
How much income is reported on the Form 1099-MISC, and what is your nationality? |
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Feb 24, 2006, 01:45 PM
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#3
| | New Member
Join Date: Feb 2006
Posts: 5
| My nationality is Indian.
I have a total for $3,355 on my 1099Misc. | |
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Feb 24, 2006, 06:36 PM
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#4
| | | Senior Tax Expert
Join Date: Feb 2005 Location: Atlanta, Georgia
Posts: 13,322
| You must file Form 1040NR with Schedule C. However, the combination of your personal exemption ($3,200) and the standard deduction allowed under Article 21(2) of the U.S.-Indian Tax Treaty will complerely offset any taxes you may owe. Assuming you had no money withheld, you will file the return and owe no taxes and receive no refund.
Be sure to file the return, even though you owe nothing. The IRS gets a copy of that Form 1099-MISC and is expecting a tax return to account for it. | |
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Feb 26, 2006, 12:40 PM
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#5
| | New Member
Join Date: Feb 2006
Posts: 5
| Please advise if I can file electronically? If so, what is the best service to use?
Regards,
John | |
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Feb 26, 2006, 11:08 PM
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#6
| | | Senior Tax Expert
Join Date: Feb 2005 Location: Atlanta, Georgia
Posts: 13,322
| John:
Yes, you can file electronically if you can find software that prepares Form 1040NR or 1040NR-EZ and offers electronic filing.
Efiling is normally not free. The only real reason to do it is to expedite your refund from about six weeks to as little as ten days. However, based on what you told me, you will owe zero taxes and will get no refund. If that is the case, why file electronically?? | |
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Feb 27, 2007, 04:35 AM
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#7
| | New Member
Join Date: Feb 2007
Posts: 1
| Hi,
I'm from Turkey and I've received one 1099-MISC and also 2 W-2s from 2 different payroll companies (I was working freelance when I was on OPT). Also some employers I've worked for on a freelance basis didn't send me any w-2 or 1099 (I think it must be because I haven't earned a certain amount)
After I read several answers in this forum, I've found out that as a F1 student on OPT in 2006 I have to file an 1040 NR with Schedule C.
I just wanted to ask if this would be the forms I should file in my case also. I'm not a student anymore and not in US either.
Also how will I report the income in the case when they didn't send me any w-2 or 1099?
Thanks so much !
Gulce | |
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Feb 27, 2007, 02:05 PM
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#8
| | Senior Tax Expert
Join Date: Feb 2005 Location: Atlanta, Georgia
Posts: 13,322
| My last posting (26 Feb 06) is VERY OLD; you CANNOT file Form 1040NR or 1040NR-EZ electronically!
GULCE:
Yes, those are the forms you file (Form 1040NR with Schedule C). | |
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