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FAQ

Did you fill out the form "1099 misc"? If so, for what purpose? Within thecontext of work, is it like a contract?
One of the most common reasons you’d receive tax form 1099MISC is if you areselfemployed or did work as an independent contractor during the previousyear. The IRS refers to this as “nonemployee compensation.”In most circumstances your clients are required to issue Form 1099MISC whenthey pay you 600 or more in any year.As a self employed person you are required to report your self employmentincome if the amount you receive from all sources totals 400 or more. In thissituation the process of filing your taxes is a little different than ataxpayer who only receives regular employment income reported on a W2.
What are the things that I need to know when I'm doing freelancing/work forhire under F1-OPT? Am I going to involve anything tax-related even when my USpresence is under 5 years? What is it for me to fill up the W-9 and 1099-MISCforms?
The earnings within a geography have an immediate tax consequence whwtherthe person will be physically present “under 5 years” means absolutelynothing. Be sure that IRS will take its share.If you have an exemption from the IRS about that “under 5 years” rule pleaseshare it as it will be the first one of its kind.The part about this not working should’ve been put first but I suppose youalready know that answer working for hire freelancing or on payroll is notpermitted for F1 visa holders. Why That’s because the application for student visa stated and you had signed itunder the penalty of perjury that you will not seek employment while in USas you have sufficient funds for your tuition and roomboard. Not you all each and every foreign student signs this same statement.Once you turn around and make income well you can wave goodbye to your visaand your stay in US.Even if you do it differently and let’s say you are only receiving incomefrom someone else’s work it will be treated the same way. No you won’t fill out W9 and 1099 form the reporting on your income willbe for your records with copy of it going to the IRS directly. Why That’s the law.Only when you specifically demand that the work is paid for 100 under thetable with no records then the employer will take advantage of you byunderpaying you severely. Small employers can do it and big employers who have a lot to lose if theymess with the IRS won’t do it at all it’s not worth it for them.How do you know which employer is which If you’re asked about W9 form it will ask abotu the SSN and once that isout of your hands your income will go to the IRS directly. Again it’s thelaw it’s how US works. 1099 form is the record which will be given to you and which will you have toexplain once you’re asked about your student status F1 visa is not a workauthorization.
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