Contractor Reporting

By admin, October 5, 2009 12:17 am

Is it possible if your an independent contractor and receive a1099-misc to report your income on 1040 line 7?

the are no business write off.
what hppens if you add it on line 7?

Dear DV: A contractor may or may not receive a 1099. If you are connected with a company it would be a good idea to talk to their accounting or HR dept.

With no write offs a Sch CEZ would be your form.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent

Points North Certified Payroll Online Demo


www.homedepot.ca

Tired of LOUSY service? Try Angie’s List.

Comments are closed

Panorama Theme by Themocracy