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    f11099m's Avatar
    f11099m Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 28, 2012, 02:27 PM
    F1 visa/cpt/1099 - m
    Hi I am on a F1 Visa, I worked on CPT for 3 months in 2011 as an independent contractor and I got a 1099-Misc form
    From my employer, I did not pay any taxes and none were withheld. There is only one entry in 1099-M form for box 7.
    Am I supposed to pay any taxes even though I am a student. If so what taxes, and the amount. Will I get any refund? (box 7, my non employee compensation was 16,000$)
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Jan 28, 2012, 11:59 PM
    You will file nonresident tax return and Form 8843. The 1099-misc income is reported on schedule C or C-EZ. If you do not have any expenses related to your 1099-misc income, you may not do schedule C and report it as Other Income. You will not pay SE tax on your schedule C income.

    "Will I get any refund?" Refund for what? No taxes were withheld.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jan 29, 2012, 01:01 AM
    For sure you have SOME expenses earning that Form 1099 income, so use Schedule C to report them and reduce your income and thus reduce your tax.

    If you want my professional help, double-click on my title above and then scroll down to my profile/signature, where you will find my email address.

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