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Andrew Schwartz CPA
Mar 17, 2008 - 6:46PM
Re: 6 month Resident 6 month MD at VA med ctr tax q

You need to report your compensation based on how you were paid. If taxes were withheld, you're considered an employee, will receive a W-2 form, and you'll report that income with your other wages on line 7 of your 1040.

If no taxes were withheld, you'll be considered an independent contractor. In that case, the employer will send you a 1099-Misc, and you'll report that income on a Schedule C and write off your allowable professional expenses directly against that income.

Zip Code: 01801

a
ash
Mar 17, 2008 - 7:22PM
Re: Re: 6 month Resident 6 month MD at VA med ctr tax q

thanks andrew

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