tag:blogger.com,1999:blog-1223766131942807978.post6972166914504504015..comments2023-05-18T02:24:35.209-07:00Comments on Your U.S. Tax Return: W2 vs 1099-Misc: Employee vs Independent Contractor.MyTaxes Teamhttp://www.blogger.com/profile/08467071702969695664noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1223766131942807978.post-1009434276388977552010-04-12T12:24:19.235-07:002010-04-12T12:24:19.235-07:00Careful -- issuance of a 1099 doesn't always m...Careful -- issuance of a 1099 doesn't always mean that you are self-employed. For example, a car salesman often receives a W-2 from the dealership and 1099-MISC from a car manufacturer. The salesman isn't self-employed in this case and not liable for SE tax. The earnings from his 1099 are through his employment with the dealer, but because the manufacturer doesn't employ the sales person they can only issue him form 1099. I have seen similar cases where school teachers are participating in-class studies -- they are not self employed and not liable for the additional 15.3% tax. <br /><br />Long story short consult a tax pro.Phillip Bell, EAhttps://www.blogger.com/profile/12671431274300195147noreply@blogger.comtag:blogger.com,1999:blog-1223766131942807978.post-60456320671552812822008-03-27T11:54:00.000-07:002008-03-27T11:54:00.000-07:00This income cannot be treated as wages. It is what...This income cannot be treated as wages. It is what you earned independently and IRS wants it to be reported on Schedule C (Form 1040).MyTaxes Teamhttps://www.blogger.com/profile/08467071702969695664noreply@blogger.comtag:blogger.com,1999:blog-1223766131942807978.post-1746182558248847472008-03-25T23:44:00.000-07:002008-03-25T23:44:00.000-07:00While reporting the amounts on form 1099 MISC, if ...While reporting the amounts on form 1099 MISC, if you are not self employed, where to report amount you have in column 7 under nonemployee compensation?Anonymousnoreply@blogger.com