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    Summer_ks's Avatar
    Summer_ks Posts: 2, Reputation: 1
    New Member
     
    #1

    Dec 6, 2006, 05:25 AM
    H1-B and 1099
    Hi,

    Currently I am with H1-B and 2 days back, I have subscribed to one unfranchise business. That business will send me 1099 quarterly. Now I just found out by surfing web that I cannot get extra income (1099) while I am from H10-B.

    But since I just subscribed to that biz, I do not have any income yet. Just some expenses for subscription fees.

    So how should I proceeed. I plan to cancel that biz subscription.

    Is it going to impact my GC application and H1-B status?

    Thanks,
    Ko
    LUNAGODDESS's Avatar
    LUNAGODDESS Posts: 467, Reputation: 40
    Full Member
     
    #2

    Dec 6, 2006, 06:53 AM
    Yes, you can close your contact with this company and yes there might be a cancellation fee and no it will not effect your H1-B status. I cannot think of a reason why it should effect your status as a H1-B.
    Summer_ks's Avatar
    Summer_ks Posts: 2, Reputation: 1
    New Member
     
    #3

    Dec 6, 2006, 10:43 AM
    Quote Originally Posted by LUNAGODDESS
    Yes, you can close your contact with this company and yes there might be a cancellation fee and no it will not effect your H1-B status. I cannot think of a reason why it should effect your status as a H1-B.
    I think I confused you in my previous question. Since I subscribed to that biz, and normally they send 1099 if I accrued commission. But now I don't get any commission since I joined 2 days ago.

    So my question was at the time of tax filing, it's going to affect my H1 status since I subscribed to that biz.

    I have another question. Since I do not get any income(actually it's a commission based biz), they will not send me 1099MISC,right?

    In the worst case, if they send me the form, how should I proceed?

    Thanks,
    K
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Dec 6, 2006, 04:35 PM
    K:

    If you make NO income, for sure they will NOT send you a Form 1099. In fact, Form 1099 is not required until the annual income level hits $600.

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