View Full Version : Nonemployee compensation
vinscamaro
Mar 29, 2007, 09:37 PM
When filing federal taxes, is schedule c the only required form to report nonemployee compensation? If there are no business expenses, will I only have to fill out my personal info and income amount>
Mobea
Mar 31, 2007, 08:26 PM
When filing federal taxes, is schedule c the only required form to report nonemployee compensation? If there are no business expenses, will I only have to fill out my personal info and income amount>
If that is your only source of income, then you file a Schedule C-EZ AND the income goes on your 1040EZ form. Very short and sweet form. Are you sure that there are no expenses? Did you have to drive a vehicle to get to this job or on this job. The mileage is deductible.
AtlantaTaxExpert
Apr 4, 2007, 11:14 AM
Mobea:
Check out your facts before posting on this forum.
You CANNOT transfer income from Schedule C-EZ to a Form 1040EZ. It must be transferred to Form 1040.
Plus you never even addressed the requirement to transfer the net income to Schedule SE to calculate self-employement taxes.
Further, driving TO and FROM work, even if the job is an independent contractor position, is COMMUTING expenses, which are NEVER deductible.
Form1040EZ is use to report W-2 wages, up to $1,500 in interest income, unemployment compensation and some scholarship/grant income, and THAT's IT.
If you answer questions as an expert on this forum, make SURE you know what you are talking about!
Mobea
Apr 5, 2007, 06:38 AM
Oh, I'm sorry, I didn't realize that I had said driving to and from work. Did I miss that?
AtlantaTaxExpert
Apr 16, 2007, 12:17 PM
No, you said "to get to this job or on this job". That implies commuting expenses.
Mobea
Apr 16, 2007, 06:55 PM
Okay, you were right and I was wrong. Feel better now.
AtlantaTaxExpert
Apr 23, 2007, 01:29 PM
Mobea:
Do not take criticism personally, and sarcasm serves NO ONE.
Your succeeding posts have shown that you indeed take the "expert" role seriously.
I have been criticized and corrected more times than I care to think about by other experts on this forum. We are all human and we all make mistakes. Just try to make sure of your facts before posting.