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    LFBlock's Avatar
    LFBlock Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 4, 2008, 12:48 PM
    How to file SE tax when paid by business in Canada
    Hi,

    Another question has come to me that I need big time help with. The one company that I worked for and made over $400.00 in 2007 was a Canadian based company.:confused:

    I need to know how to report this income and figure the tax due on what I earned. Or, even better, whether I need to since the Canadian company does not file 1099 MISC.
    ;)

    Thank you for your help.:)

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

    Jan 4, 2008, 09:30 PM
    Yes, you need to claim the income even if no Form 1099 is submitted.

    To do otherwise is tax fraud.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jan 5, 2008, 02:31 AM
    The 1099 income is self employment income. You net self employment income is subject to SE tax at 15.3%. For this you will file schedule SE (Form 1040).
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 5, 2008, 08:25 AM
    Agreed!
    LFBlock's Avatar
    LFBlock Posts: 3, Reputation: 1
    New Member
    		  
    #5

    Jan 5, 2008, 08:47 AM
    :) Thank you Atlanta Tax Expert and Mukata. I will file the SE with my 1040. If I calculated this right the additional tax I will pay is minimal. I appreciate your assistance, as this will be the first year since my divorce that I have had to file a 1040. Before the marriage all I ever had to do was a 1040EZ with one minimal income to report.

    Have a great day!

    LF Block
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Jan 5, 2008, 10:27 PM
    Do not forget the Schedule C as well.
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