Ask Experts Questions for FREE Help !
Ask
    sasha1003's Avatar
    sasha1003 Posts: 3, Reputation: 1
    New Member
     
    #1

    Nov 18, 2013, 07:40 PM
    OPT Student Starting 1099 Employment
    Hi,

    I'm going to get my EAD card on January 2014 and I'm already get a job offer. The company will hire me as an independent contractor however, and I'm not sure whether I should still fill the form even if I have stayed in the U.S. for less than 5 years (I came here from Indonesia in December 2009).

    Also, is there any deductions from the tax once I submitted the form?

    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Nov 18, 2013, 09:05 PM
    Since you are on OPT, working under Form 1099 or Form W-2 is irrelevant, because you will owe NO FICA or self-employment taxes.

    However, filing the Schedule C WILL allow you to deduct some employee business expenses that cannot be deducted using Schedule A.
    sasha1003's Avatar
    sasha1003 Posts: 3, Reputation: 1
    New Member
     
    #3

    Nov 19, 2013, 06:28 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Since you are on OPT, working under Form 1099 or Form W-2 is irrelevant, because you will owe NO FICA or self-employment taxes.

    However, filing the Schedule C WILL allow you to deduct some employee business expenses that cannot be deducted using Schedule A.
    Thank you so much for your answer. But does this mean that I don't need to submit any form or do I still have to submit nonresident tax form?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Nov 19, 2013, 11:10 PM
    You WILL have to submit Form 1040NR (non-resident return) with Schedule C to report the Form 1099 income.
    sasha1003's Avatar
    sasha1003 Posts: 3, Reputation: 1
    New Member
     
    #5

    Nov 19, 2013, 11:25 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    You WILL have to submit Form 1040NR (non-resident return) with Schedule C to report the Form 1099 income.
    Ok! Thank you so much for your help, I really appreciate it
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Nov 20, 2013, 07:43 AM
    Glad to help!

    If you need professional help filing, email me at the email address in my profile.

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!

Student: CPT and OPT under 1099 - taxes [ 1 Answers ]

Hi there, I'm an international student. Worked from April 4th 2009 to October 13th 2009 under CPT making 1600$ /month. Since I worked under a 1099 (independant contractor) federal and state taxes haven't been withheld directly from my paycheck. Since November 1st 2009 I (date of start of my...

F-1 Student OPT with 1099-MISC income [ 12 Answers ]

Hi, I am currently on F-1 student OPT in Atlanta, GA. I am a citizen of China. -I first came into US as an J-1 student on Jan, 2006 and changed to F-1 on Dec, 2006 (I went back to China to change my status) In 2008, I worked as OPT student almost the whole year. I got my 1099-MISC form. All...

Can Opt Student work as 1099 being on OPT Extension ? [ 2 Answers ]

HI to all GURUS, I came to US for my master in Computer science in 2006 in NJIT, I graduated on 20 th dec 2007 , So I got my OPT in Jan 2008, I applied for my H1 but didn't got it!! So then I applied for my OPT extension (17 month extension) which starts from jan 2009 for 17 months. I know...

F1 visa student - self employment- 1099 tax form [ 13 Answers ]

I am a phd international student in Houston Texas. I am a citizen of Tunisia. I joined the program in fall 2005 and I am on campus employee. I am starting my second year now. I am filling W2 form for tax. I have an opportunity to gain extra income as self employed or independent contractor from...


View more questions Search