Ask Experts Questions for FREE Help !
Ask
    Ericafrmwa's Avatar
    Ericafrmwa Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 19, 2007, 12:37 PM
    W2/1099 Confusion!
    This year I am really confused on which tax forms to use!!! Ive always been just W2, plain and simple! But this year I have worked two jobs, one where I recieve a W2 and the other I get 1099 (self employed income). What forms and guides do I use to complete my taxes the fastest and most accurate??:o :o
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jan 19, 2007, 12:44 PM
    The 1099 info is entered on a Schedule C.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Jan 19, 2007, 02:15 PM
    A 1099 is nothing more than a W2 but it shows you were not an employee but you were a contract worker. So you can deduct from your taxes if you have them any and all business expense you had on the 1099 job.
    Normally this merely means you will be doing the standard 1040 with the schedule C.

    But of course if you have no idea what to use, go to a professional to have them done.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Jan 19, 2007, 06:49 PM
    I strongly recommend that you get professional tax help!

    The self-employment tax that is calculated on Schedule SE can add up to a substantial tax bill if you do not take full advantage of the deductions available to you on the Schedule C.

    If you want to use my tax service, contact me at [email protected]. You will find my fee very competitive.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Confusion [ 4 Answers ]

CONFUSED!! 1 I am CRAZY about a senior at my high school. I am a freshman. I am pretty good friends with this guy and ik that if we were to become an "item" he wouldn't take advantage of me. Hes just cool like that. :) But I also happen to get A LOT of compliments from him. People ask if Im...

Confusion! [ 2 Answers ]

I have been dating my girlfriend about a year now. We have been getting on great... we have just been on our first holiday and we have even started toi talk about marriage. Until last week, when she said she she was confused about her feelings for me. She started by saying she didn't think her...

1099-g and 1099-int [ 8 Answers ]

Hi ATE, I am following this forum for last couple of months. It is a very good source of tax information. I am non-resident alien from India. I was on F1 (OPT) from Jan 06, 2005 to Nov 30, 2005. My H1B status started on Dec 01, 2005. I am filing 1040NR-EZ and Form 8843. I have received...

1099-g and 1099-int [ 1 Answers ]

HI ATE, Thank you for reply. I always thought that 1099-INT (Interest income) from non-business activity such as savings/checking account interest, deposit receipt interest or anything that comes under category 1099-INT is exempt for non-residents and should not reflect on 1040NR-EZ. What do...

Confusion [ 2 Answers ]

My best friend says he misses me and wants to see me but he said he doesn't like me any and we've been friends for over 7 to 8 yrs.. straight and we did go out but it never worked. And I like him a lot... n we've never stopped being friends and I tell him how I feel about him and I don't know what...


View more questions Search