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-   -   First time Tax need assistance with 1099 (https://www.askmehelpdesk.com/showthread.php?t=307549)

  • Jan 23, 2009, 09:09 AM
    MaSynco
    First time Tax need assistance with 1099
    I have never done taxes. I received a 1099-MISC and on #7 it says Nonemployee Compensation $2099.00. What does this mean?
  • Jan 23, 2009, 10:52 AM
    AtlantaTaxExpert
    It means that you were self-employed and need to file Form 1040 with a Schedule C and probably Schedule SE.

    You will owe ZERO income taxes, but you may need to pay some self-employment tax (but not more than $300).

    You should get professional tax help to file this return. It is NOT a return for a laymen to file.

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