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Get your taxes done using TurboTax
Yes, you can use your name as the name of the business. If you do not have any employees, you are not required to have an EIN.
1. Reason for the 1099-MISc, you can simply put something like Engineering internship
2. If none of the uncommon situations apply, simply check None of the Above.
3. If this internship involves work like your main job, you would say Yes
4. If you have intent to earn money, select Yes
5. Then follow prompts
When you receive a Form 1099-MISC, the IRS will be receiving a copy as well. Most of the time, IRS treats taxpayers who receive a Form 1099-MISC as business-related thus self-employed. You are required to pay Self-Employed taxes. If you received this form only once in a while for some work unrelated to your main job, or if you receive it as an award or prize, you would not be treated as self--employed. If you will be receiving it ongoing in the future, you are self-employed and will need to file a Schedule C.
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