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    AlanCooler's Avatar
    AlanCooler Posts: 4, Reputation: 1
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    #1

    Sep 5, 2014, 07:06 PM
    Should I pay self-employment tax
    I left my former employer in May. When I left, my supervisor asked me to help the office do some additional work as an independent contract. He has been nice to me. So I agreed and signed an contract with the former employer. The work was paid hourly and I received a check of $124 for the additional work I done.

    My question is do I have to pay self-employment tax and file Schedule SE (Form 1040). I checked the IRS website, it seems I don't have to because I earned less than $400. But if I don't have to file, is there anything I have to do ?

    Any suggestions and help will be greatly appreciated. Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 6, 2014, 06:46 AM
    You DO have to report the income on Schedule C or Schedule C-EZ, even if the employer fails to generate a Form 1099-MISC, but you do NOT have to pay self-employment tax since it is below the $400 threshold.
    AlanCooler's Avatar
    AlanCooler Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Sep 7, 2014, 03:31 PM
    ATE, thank you so much.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Sep 7, 2014, 04:37 PM
    Glad to help!
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