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

    May 10, 2008, 12:27 PM
    Tax form for OPT CONTRACT worker
    Hi,

    I am currently working as OPT and this job is CONTRACT.

    My employer told me that I have to file income tax (federal tax, state tex etc) myself but
    I am not sure which tax form I should file and how much I should be paying since
    The company cannot withhold tax for contractor.

    I have been in U.S. more than 5 years so that I guess I should be
    Treated as residential tax? (use different form than those who stay in U.S. less than
    5 years)

    Could somebody help me which tax form the OPT CONTRACTOR should be filing?
    Do I need to make payments to IRS and states quarterly in Washington states?

    Is there anything else I should be aware of?

    Below is the list of my current status.
    -visa F1
    -OTP contract worker
    -instance, I get $1000 pay check, no tax is withhold. (so I need to keep some for tax)
    -I should be Resident Alien (I filed form w-9 when I start working, w-9 is for resident alien?)

    Thanks!

    masatoT
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    May 10, 2008, 06:57 PM
    You will get 1099-Misc from the employer. This is income as independent contractor or self employed person. This income is reported on schedule C and you can deduct your expenses on schedule C. Net income is subject to SE tax at 15.3%.

    How you will treat the 1099-Misc income, read: Your U.S. Tax Return: W2 vs 1099-Misc: Employee vs Independent Contractor.

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