1099s?

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Re: 1099s?

by scheffc » Mon Feb 26, 2018 2:21 pm

ASEE just emailed me an electronic copy of my 1099- MISC if anyone else is still waiting on theirs. I just emailed < addresschange@asee.org> and received prompt response.

Re: 1099s?

by 1099_ » Sat Feb 24, 2018 5:38 pm

I never received mine either. I followed up with LMI and they gave me this email address to ask ASEE what happened: addresschange@asee.org
I just asked for an electronic copy and they attached one.

Re: 1099s?

by scheffc » Sat Feb 24, 2018 4:39 pm

Anyone else still not receive their 1099? It's now near the end of February and I haven't seen anything from ASEE.

Re: 1099s?

by kbl2017 » Tue Feb 06, 2018 4:51 am

Here's the explanation for Box 3 vs Box 7. The most important designation, and something extremely clear in our paperwork is that this scholarship is not in exchange for work. So again I just don't understand why is it on line 7?

https://imgur.com/a/Tw7RQ

Re: 1099s?

by kbl2017 » Tue Feb 06, 2018 4:43 am

Can anyone explain how we are an independent contractor who is not self employed and our scholarship is not in exchange for work? Yet if it's in line 7 we are supposed to pay self employed taxes?

Re: 1099s?

by ThatsCorrect » Mon Feb 05, 2018 5:01 pm

UNM_EE wrote:The total amount is in box 7 of the 1099 that I received.
That’s actually correct. It is supposed to be in box 7. I hate to burst your bubbles but the stipend is heavily taxed.

Re: 1099s?

by UNM_EE » Mon Feb 05, 2018 2:43 pm

The total amount is in box 7 of the 1099 that I received.

Re: 1099s?

by PhdSMART » Mon Feb 05, 2018 2:26 pm

CSMajor wrote:
PhdSMART wrote:Just got it today. Anyone else who got their 1099 have income reported in box 3 or 7?
Think on the bright side of it being considered self employment. Deductions, deductions, DEDUCTIONS! School supplies, travel related to SMART, a car for school, gas to get to school, that desk you bought to do homework, the laptop you bought to do schoolwork. If they’re paying us to go to school then we can deduct expenses related to that job. If you get a good accountant and have, like me, paid a lot of money on school supplies then you may owe a lot less than if it were just taxed income.
However, if they marked box 3 it would not be subject to self-employment tax since per the tax memo we are not self-employed. Scrolling through this forum I believe previous years they marked box 3.

Re: 1099s?

by CSMajor » Mon Feb 05, 2018 2:11 pm

PhdSMART wrote:Just got it today. Anyone else who got their 1099 have income reported in box 3 or 7?
Think on the bright side of it being considered self employment. Deductions, deductions, DEDUCTIONS! School supplies, travel related to SMART, a car for school, gas to get to school, that desk you bought to do homework, the laptop you bought to do schoolwork. If they’re paying us to go to school then we can deduct expenses related to that job. If you get a good accountant and have, like me, paid a lot of money on school supplies then you may owe a lot less than if it were just taxed income.

Re: 1099s?

by PhdSMART » Mon Feb 05, 2018 1:50 pm

Just got it today. Anyone else who got their 1099 have income reported in box 3 or 7?

Re: 1099s?

by SMART-ish » Mon Feb 05, 2018 1:44 pm

Has anyone received their 1099 yet?

Re: 1099s?

by CSMajor » Mon Jan 29, 2018 2:34 pm

scheffc wrote:We were notified they were shipping 1/31/2018, so this Wednesday. Not sure how slow the delivery will be.
Was an email sent?

Re: 1099s?

by scheffc » Mon Jan 29, 2018 2:25 pm

We were notified they were shipping 1/31/2018, so this Wednesday. Not sure how slow the delivery will be.

1099s?

by Shuffles » Thu Jan 25, 2018 10:47 pm

Has anyone received their 1099 from SMART yet?

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