1. I do not consider myself a company -- I am just helping a friend although I do get paid.
2. I do this once each year for Eductional Testing Service in Princeton, NJ
3. ETS defines "Total Paid for Test Center Services"
4. The form says "Form 1099-MISC, however, there are no boxes to check--no rent or royalty oreven "non-employee" box.
The IRS considers this self-employment work and how you can report it depends on your total self-employment income.
If you made less than $400 from this work and any other self-employment income combined, then you can enter this on Line 21 for Misc Income. There is a $400 threshold for having to pay self-employment taxes, but this threshold is across all of your self-employment income.
- Click on Federal Taxes (may say Personal if using Self Employed or Home and Business)
- Select Wages and Income
- When the page opens, click "Jump to full list” if it is not displaying the full list of income items.
- Scroll down to the very last item, Less Common Income and click “Show More” to expand the list
- Select "Miscellaneous Income, 1099-A, 1099-C”
- Select “Other Reportable Income” - the very last item (There is another “other” category that is the first choice - do not use that one)
- Enter the income amount and a description and this will place the income on Line 21 of Form 1040
However, if you made $400 or more from this work and any other self-employment income, then you need to pay self-employment taxes on it. You will have to enter it as business income (even though you may not think of yourself as having a business, that is how the IRS classifies this type of income). You can do so by performing a search for "Schedule C" and entering the income.