What is the name of your state? Wisconsin
Stepson (18yo hs grad) worked for his uncle's construction company for part of last year.
Stepson received a 1099-misc with $4420.00 listed as Nonemployee compensation.
I thought this would be easy to run through turbo tax, but there is no W2 info as there are no W2s.
Wife and I claim stepson on our taxes as he meets all the tests (we supported him for over 50% in 2004, etc...)
So my questions are:
1. does he have any federal / state liability since we claimed him?
2. If he does have liability, then how do we figure out his SS, Medicare, and any other monies he may owe?
Stepson (18yo hs grad) worked for his uncle's construction company for part of last year.
Stepson received a 1099-misc with $4420.00 listed as Nonemployee compensation.
I thought this would be easy to run through turbo tax, but there is no W2 info as there are no W2s.
Wife and I claim stepson on our taxes as he meets all the tests (we supported him for over 50% in 2004, etc...)
So my questions are:
1. does he have any federal / state liability since we claimed him?
2. If he does have liability, then how do we figure out his SS, Medicare, and any other monies he may owe?