1099-Misc

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  • peggysioux
    Senior Member
    • Sep 2006
    • 666
    #1

    1099-Misc

    Taxpayer received a 1099-Misc from Union for working on a committee of Union. Would other tax preparers determine that self-employment tax needs to be calculated? He did say he will continue to be on committee ongoing so not a one-time thing but he is not looking to make a profit and it is not a business.

    Peggy Sioux
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      See The Tax Book 23-8 as it applies to your scenario:

      What box amount reported? If box 7 see below:

      Box 7. Nonemployee compensation. Enter nonemployee compensation of $600 or more. Include fees, commissions, prizes and awards for services performed as a nonemployee, and other forms of compensation for services performed for the taxpayer’s trade or business by an individual who is not employed by that business. Include oil and gas payments for a working interest whether or not services are performed. Also include expenses incurred for the use of an entertainment facility treated as compensation to a nonemployee.

      l
      Last edited by TAXNJ; 05-29-2020, 05:27 PM.
      Always cite your source for support to defend your opinion

        Comment

        • Uncle Sam
          Senior Member
          • Jul 2006
          • 1461
          #3
          The issue is whether or not the person is subject to SE tax.
          Uncle Sam, CPA, EA. ARA, NTPI Fellow

            Comment

            • TAXNJ
              Senior Member
              • Jan 2007
              • 2106
              #4
              Then see article:

              https://www.thetaxadviser.com/issues...-story-01.html

              anymore comments?
              Last edited by TAXNJ; 06-01-2020, 08:43 AM.
              Always cite your source for support to defend your opinion

                Comment

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