Kid needs to file?

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • RitaB
    replied
    You're Welcome

    Originally posted by tacks
    Well thanks, Rita!! I'm certainly most glad that i asked this question!!!
    Glad I knew one.

      Leave a comment:

    • tacks
      replied
      Well thanks, Rita!! I'm certainly most glad that i asked this question!!!

        Leave a comment:

      • RitaB
        replied
        Student paid by school

        No, you're good to go. See TTB 5-18:

        "A student of any age working for a school... exempt from FICA...if student attends classes..."

        There is no FICA requirement, so student would not need to file. Since it's in box 3, IRS should be down with that, too. (It would go on line 7, or line 21, not Sch C.)

          Leave a comment:

        • tacks
          started a topic Kid needs to file?

          Kid needs to file?

          Kid in school gets a 1099 Misc for $500? She has to file as an independent contractor, right?


          The payer was the schoool. i don't know why the school did that, 1099-misc, box 3 -- 'other income.'

          No way around it though, is there?

          (i don't want to charge for a return that not need be filed)
          Tags: None
          Previous template Next

          Disclaimer

          Collapse

          This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

          Working...