Ask Experts Questions for FREE Help !
Ask
    crazylooks4u's Avatar
    crazylooks4u Posts: 13, Reputation: 1
    New Member
    		  
    #1

    Jan 9, 2013, 03:43 PM
    Taxes for 1099 Contractor
    Hi,

    I am International student on CPT working as 1099 Contractor since May 2012, I've been doing quarterly payments (done 3 so far, June, Sep, Jan). I know that the tax returns will be filed in the April of every year.
    My question is that, Do I need to include the amount I earn from January 2013 to April 2013 for the tax returns that I will be filing in April 2013?


    Also, I received a 1098-T which has my tuition fee info, that was the money I earned as a contractor. I was wondering if the money I paid for my tuition tax deductible?

    Also do I need to attach the 1099 MISC form while sending my tax returns?

    Thank you.
    crazylooks4u's Avatar
    crazylooks4u Posts: 13, Reputation: 1
    New Member
    		  
    #2

    Jan 9, 2013, 03:53 PM
    Any help is greatly appreciated.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 9, 2013, 07:29 PM
    Patience; we are tax professionals who are busy right now.

    Your last quarterly payment is due on 15 Jan 2013 for 2012. The 15 April 2013 payment will be for tax year 2013 and is the FIRST payment for that year.

    Sorry, but as a non-resident alien, you are NOT eligible to claim education credit.
    crazylooks4u's Avatar
    crazylooks4u Posts: 13, Reputation: 1
    New Member
    		  
    #4

    Jan 10, 2013, 10:56 AM
    Thanks a lot AtlantaTaxExpert. You're Awesome.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Jan 10, 2013, 11:22 AM
    Glad to help!
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!

CPT 1099 contractor taxes [ 5 Answers ]

Hi all, I got my CPT authorization to work as a 1099 Contractor (currently on my F1 status, I belong to India) I will be earning 4000$ per month and I am a Colorado resident. As, I am a contractor, no taxes will be with hold in my pay check. So here are my questions. ************** How...

What is the IRS fine ($) for not 1099 getting a 1099 from a contractor? [ 3 Answers ]

I know a 1099 is needed for anyone paid over $600, but what if, for argument sake, one cannot 1099 the contractor because they refuse or don't have a SS#, etc. What are the penalties for this beside not being able to expense the transaction? What does the IRS do?

Quarterly Taxes [ F1 visa and on OPT hired as an independent contractor (1099) ] [ 2 Answers ]

I am on an F1 visa and am on OPT(17 month STEM Extension) hired as an independent contractor (1099). It has been exactly 2.5 years since I came to the US. Do I have to pay quarterly taxes ? Thanks, Abhishek

How do I become a 1099 contractor? [ 1 Answers ]

I live in New Hampshire and have recently been hired as a 1099 contractor for the job of my dreams. I earned money last year, 2007, as a 1099 contractor but would like to make it official so I can put money into Social Security and cover myself legally. How do I become a 1099 contractor in...

1099 for contractor [ 1 Answers ]

Here is the situation. 1. Company "ABC. Inc", a S corporation has performed service to another company "123, Inc". 2. ABC company send invoice to 123 company for the service. 3. ABC company asked 123 company to issue the check to the individual name of the ABC company's officer, owner. ...

View more questions Search