Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-16-2012, 10:16 PM
Junior Member
 
Join Date: Apr 2012
Posts: 2
Exclamation 1099-MISC after Filing - Need CA Tax Help for 540x

CA State Tax Question
I filed, and then I got a 1099-MISC 4 days before taxes are due.
No CA state tax was withheld on the $2184 of Non-Employee Compensation income (even though I was their employee and used their equipment to set up their photo booths for their events) but my total income $1155 on W-2 from another company + the 1099 income is still under the Standard Deduction amount of $3769 for CA Residents (even those still claimed on their parents’ taxes) so the Tax Program says I don’t owe anything. I want to pay any taxes my Employer should have taken out, but how?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-17-2012, 08:11 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
“No CA state tax was withheld on the $2184 of Non-Employee Compensation income (even though I was their employee and used their equipment to set up their photo booths for their events) but my total income $1155 on W-2 from another company + the 1099 income is still under the Standard Deduction amount of $3769 for CA Residents (even those still claimed on their parents’ taxes) so the Tax Program says I don’t owe anything. I want to pay any taxes my Employer should have taken out, but how?”----> Before this income can be reported on Form 540, it needs to be reported on Form 1040, the federal individual income tax return. As you have income through self-employment work, you might be required to make estimated tax payments on a quarterly basis to CA by filing CA 540ES, rather than paying the entire amount you owe at the end of the year. If you believe you may owe taxes at the end of the year, you may have to pay quarterly estimated taxes during the year or you may want to increase the amount your employer withholds from your pay check. If you're self-employed, you'll probably have to pay estimated taxes.However,unless you are an IC, a self employer, you need to report your income on 1099 on1040 line 21 and do not need to pay quarterly estimated taxes to CA. I guess you can contact the BOE of CA for mor einformation; https://www.ftb.ca.gov/aboutFTB/cont...tility_Contact
ALSO, as long as the amount on Sch SE of 1040 line 4 is $400or exceeds $400, then you must pay self employment tax to the IRS. If you are filing as a sole proprietor and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return.However, you do not have to pay estimated tax for the current year if you had no tax liability for the prior year ;you were a U.S. citizen or resident for the whole year ;your prior tax year covered a 12 month period. As long as your self-employed with earnings of more than $400.00, then you MUST file your federal return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099-MISC after Filing - Need CA Tax Help NeedHelpASAP Income 1 04-26-2012 09:44 PM
Filing 540x California amendment form : simha Income 5 03-26-2011 06:41 PM
Additional 1099 misc after filing Curiousa2 Income 2 02-23-2011 10:20 AM
We received an incorrect 1099 misc after filing our taxes shearon Income 1 02-28-2010 02:17 PM
S-corp filing 1099-misc beauti92 S-Corporation 0 03-02-2009 06:51 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.