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    LostInTaxes's Avatar
    LostInTaxes Posts: 1, Reputation: 1
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    #1

    Mar 17, 2008, 09:02 PM
    relocation lump sum and form 1099-misc
    I received a relocation lump sum in 2006. I had just accepted a job while a senior in college and would be moving from SF to NY to start work so this lump sum was to help with the moving expenses. I received a flat amount with no taxes taken out. During tax season in 2007, the company sent me a form 1099-misc for this amount. Thinking that I was accounting for this correctly, I filed it in line 21 "other income" on my form 1040 on my tax return. I receive a notice now saying that I owe money for self-employment tax. Is this correct? Do I have to pay this or did I just file my taxes incorrectly? Should I have included it in the "wages and salary" line instead?

    Is this really considered self-employment tax even though I received it from my employer? What should I do?

    Any information would be great. I need a response relatively soon as this is time sensitive and I already have to pay interest on what I didn't pay last year! =(
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 2, 2008, 09:08 AM
    If this is still a problem, contact me via PM or email and I will propose a solution via email.
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