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Posted by Paul Thomas, CPA on March 14, 2007, 12:03 am
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> I'm 18 years old senior in High School. I recieved this year
> a w-2, total earnings $3570.40 had operation so i had to
> quite and got another job where i dont get taxes taken out,
> reived a 1099-MISC i only got $1600.00 for that (this is
> only for cleaning). SO What do i use to file just a 1040? or
> other forms.... Is it possible to use the 1040EZ (im not
You can't use the 1040EZ.
You've "graduated" to the full blown 1040, including
Schedule C and SE for the $1600 self-employment income.
That $1600 will cost you about $240 in SE tax.
> finding it on there) Do i still recieved my deduction of
> $5,150.00 for being single and only earning $5,170.40? My
> grandmother usually does my taxes but she is unsure of the
> 1099-MISC and where to get the deduction input if not using
> a 1040ez... Can anyone help me with what forms i need and
> any other knowledge you have.
Consider giving grandma a big hug and taking your paperwork
to a tax professional this year.
And consider finding employment where they treat you as an
employee.
--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net
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