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luckyyellowhog
Apr 11, 2013, 07:05 PM
Hello,

I am currently working out my taxes and would appreciate any advice!
I am an international student on OPT and have just filed my taxes for last year as I had a small paying internship, so submitted my W2.

As of January this year I am freelancing/ self employed until I go back to college in September. Is it correct I should submit a 1040-ES NR from and an 8843 form with it?

I am also confused as to how I am meant to estimate my earning for this year which I believe I will have to do? Shall I just be conservative and times what I have made so far this year by 3 (seeing as I am only working from Jan-Sept)? Will I only mention how much I expect to make not how much I have made so far?

Many thanks in advance for any help!

MukatA
Apr 12, 2013, 12:27 AM
For five years on F-1 (including OPT) you are nonresident. During that period you do not pay self employment tax. You will complete schedule C or C-EZ (Form 1040) but you do not need to fill schedule SE. Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor (http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html)

luckyyellowhog
Apr 12, 2013, 05:47 AM
Many thanks MukatA!
Do you know if I also fill out the 1040NR or ONLY the Schedule C?

AtlantaTaxExpert
Apr 13, 2013, 11:39 AM
You file the Schedule C WITH Form 1040NR.

luckyyellowhog
Apr 13, 2013, 11:47 AM
Thanks AtlantaTaxExpert! May I ask you another questions? I recently did a small paid internship last summer and received my w-2, which I filed this year with TurboTax. Do I have to file it again with the 1040NR and Schedule C? Do I include the earnings from that as well as myself employment earnings on the 1040NR? Many thanks,

AtlantaTaxExpert
Apr 13, 2013, 12:30 PM
You filed incorrectly.

You need to AMEND the 2012 return, using Form 1040X and attaching the Form 1040NR and the Schedule C. You include the internship W-2 on the amendment.