Worked as a summer intern and employer provided Form 1099-NEC for the paid amount.The total income is less than $7000,it is showing tax due and How can i avoid this tax?
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Worked as a summer intern and employer provided Form 1099-NEC for the paid amount.The total income is less than $7000,it is showing tax due and How can i avoid this tax?
Worked as a summer intern and employer provided Form 1099-NEC for the paid amount.The total income is less than $7000,it is showing tax due and How can i avoid this tax?
If you look at your return you will probably see that you owe no income tax. What you owe is self employment tax. You can avoid that by when you report your 1099-NEC say that you don’t have a business.
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