1099-Misc Confused

[Signorelli]

What is the name of your state (only U.S. law)? Florida

I received a 1099-MISC from my boss the other day and I am not quite sure what I need to do so I don't get fined or anything of the such.

Throughout the course of the year, he never took out SS or Medicaid or any other taxes.

I truly haven't a clue what to do.

 

[FlyingRon]

Well you have two choices. If you were an independent contractor, then you fill out a Schedule C (and SE) and report that income. If you believe you were legitmately an employee, then you fill out an 8819. Either way you are going to owe substantial income and a share of the social security/medicare that wasn't withheld.

If you do not understand this, contact a tax professional.