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

    Mar 15, 2009, 04:14 PM
    CPT and 1099 Form
    I have some questions regarding a tax issue of my brother.
    He is on F-1 visa and on his CPT (curriculum practical training). He is working 20 hours a week.
    His boss gave him 1099-Misc instead of W-2 for the year 2008. It shows he earned approx. 30,000 USD (in box 7) and did not pay any tax before.
    We learned that he has to pay around USD 6,000 tax but we are not sure. Is the 1099 Misc Form OK for him- for an H-1 student? Or should he request his boss to give him W-2 (show him as an office employee) for the 2009?
    Since there is no tax payment which forms he should fill in as an F1 student with 1099 Form? I also know that he does not have o pay FICA-medicare SS tax.
    Is there any way to minimize the tax he should pay?
    I appraciate your help...
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 15, 2009, 11:19 PM

    You will report your income and expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. This income is not subject to SE tax at 15.3%
    Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor
    tcha's Avatar
    tcha Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Mar 17, 2009, 06:16 PM

    Thanks a lot MukatA
    You mean 1040 OR 1040NR?
    As an F1 student using his CPT what kind of expenses can he show? Can he show his uition payment as an expense?
    Thank you very very much
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Mar 18, 2009, 01:24 AM

    You can claim itemized deductions only. One main deduction is state income tax.
    You can not deduct tuition and fees.
    tcha's Avatar
    tcha Posts: 3, Reputation: 1
    New Member
    		  
    #5

    Mar 18, 2009, 06:54 PM

    Thank you.
    Do you know any body that can help me professionally?
    I need a CPA who also knows the immigration status of ours as well as tax work.
    I live in nj and work in ny
    Thanks a lot
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!

Can 1099-A be used on Form 982 or MUST it be 1099-C [ 1 Answers ]

Please help! There are conflicting answers even within this forum. I have received a 1099-A for a home I foreclosed on in 2008. On my 1099-A Box 2: Principle Outstanding balance is less that Box 4: FMV. Here is what I would like clarity on please: 1. How do I handle or What form do I use...

1099 Form [ 2 Answers ]

It is a 1099 (Rev.9-07) form. I completed and submitted the form 1040 for the tax refund last year. I received the tax refund in a bank account, now I received this form. I don't know many details about tax forms, as I am not an US citizen, nor an US permanent resident. Please, make it clear....

1099 income with no 1099 form [ 1 Answers ]

How do I file my taxes with out a 1099 form? How can I get one? Thank you

Form 1099 [ 1 Answers ]

I received the 1099 Tax Form. The total amountof money that is specified under the Total Interest Paid or credited box is of 10.33 $. Do I have to pay this amount of money, or the IRS has to pay? It is mentioned here that "the amount of interest paid or credited to you in the calendar year shown...

Form 1099 received, but do I report on Form 1040 or just Form 2106? [ 1 Answers ]

Greetings. I'm hoping I can get some help on what to do with a 1099-MISC form I received from my employer that were for business expense reimbursements. I have read through some questions and answers already and based on them I'm going to file this as a Form 2106. The question is should I...

View more questions Search