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   »   F1 visa student - self employment- 1099 tax form

 
Thread Tools Search this Thread Display Modes
Question
 
 
Old Sep 11, 2006, 03:58 PM
subsab
New Member
subsab is offline
 
Join Date: Sep 2006
Posts: 3
subsab See this member's comment history on his/her Profile page.
F1 visa student - self employment- 1099 tax form

I am a phd international student in Houston Texas. I am a citizen of Tunisia.
I joined the program in fall 2005 and I am on campus employee. I am starting my second year now.
I am filling W2 form for tax. I have an opportunity to gain extra income as self employed or independent contractor from an online job. They are saying they will send me my check by mail and that I need to fill out at the end of the year a 1099 misc form for tax.
My question is : Do I have the legal wright to take this "job" (independent contractor) or shall it be a violation of my F1 visa status. Does filling the 1099 form with my W2 will cause any problem? if not how much should I pay for taxes..?
Looking forward to your response. If any information is missing please let me know.
Thanks in advance for your help.
Regards

Reply With Quote
 
     

Answers
 
 
Old Jan 9, 2008, 07:16 PM   #11  
knr
New Member
knr is offline
 
Join Date: Jan 2008
Posts: 1
knr See this member's comment history on his/her Profile page.
As an Independent Contractor, you do not need to wait for your year end 1099 to pay tax. You can pay quarterly tax as you earn. This could keep IRS happy.
  Reply With Quote
 
     
 
 
Old Jan 10, 2008, 05:57 AM   #12  
Junior Member
Visa Taxes Expert is offline
 
Visa Taxes Expert's Avatar
 
Join Date: Jan 2008
Posts: 40
Visa Taxes Expert See this member's comment history on his/her Profile page.
Hello

F1 students are encouraged to perform only on-campus related jobs, or jobs outside campus during their OPT.

It is not encouraged to work as an independent contractor.

But if you have 1099 income and W-2 income, as you are considered a Non Resident Alien, file Tax Forms 1040NR EZ , Form 8843 and Schedule C to be in compliance with the IRS.

Hope this helps!
  Reply With Quote
 
     
 
 
Old Jan 10, 2008, 01:26 PM   #13  
Senior Tax Expert
AtlantaTaxExpert is offline
 
Join Date: Feb 2005
Location: Atlanta, Georgia
Posts: 13,323
AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.
Subsab:

Working as an independent contractor is a violation of your F-1 visa. However, NOT reporting the 1099 income is even worse, because the IRS IS EXPECTING that you file a Schedule C to claim that income.

As to how bad a violation it is, I cannot comment as I am NOT an immigration attorney. I suspect it is not a very bad violation, however. Recommend you post this questionon the LAW forum under Immigration Law.

To file a Schedule C, you must file Form 1040NR; Schedule C cannot be filed with Form 1040NR-EZ.
  Reply With Quote
 
     
 
 
Old Jan 10, 2008, 01:36 PM   #14  
Junior Member
Visa Taxes Expert is offline
 
Visa Taxes Expert's Avatar
 
Join Date: Jan 2008
Posts: 40
Visa Taxes Expert See this member's comment history on his/her Profile page.
Agreed!
  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
Can F-1 Student receive a 1099 Misc Form?
(7 replies)
1099 taxes for Indian F1 student
(7 replies)
Multiple Entry Student Visa-
(0 replies)
L-1 Visa Tax form
(1 replies)
Resident? F-1 Student with 1099-MISC income
(3 replies)

Search this Thread

Advanced Search

Bookmarks

Sponsors



Copyright ©2003 - 2009, Ask Me Help Desk.
All times are GMT -8. The time now is 03:02 PM.