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

    Mar 8, 2005, 11:05 AM
    Filing 1099-MISC
    I want to file my 1099-MISC online, but I don't know where to start. Most sites I've been to don't offer 1099-MISC forms to file. I don't own a business, but yes, I am self-employed, but I rent a booth in someone else's business. So where do I start? Can I file online or do I have to get someone to do my taxes for me?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 9, 2005, 08:13 AM
    TrangHoang:

    You can file your return yourself, but I do not recommend you do so.

    In most case, the Form 1099-MISC dictates that you file a Schedule C or Schedule C-EZ (as an attachment to Form 1040) to properly report the income and pay the requisite state and federal income taxes and federal self-employment taxes.

    The resulting tax bill can be rather large, so you really need professional tax help to ensure you are claiming all allowable deductions to reduce that tax burden. A competent tax professional will, in most cases, more than pay for his fee in what he/she saves you in taxes. Additionally, the tax preparation fee is deductible on next year's Schedule C.

    I am available to help if you would like. I do quite a few tax returns long-distance using mail, fax, e-mail and telephone calls. In fact, I have several clients whom I have never met in person (who are available as references, if needed).

    If you are interested, please contact me at [email protected] so we may discuss the details.

    Hope This Helps!

    Atlanta Tax Expert

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