Welcome Guest. Register Now!  

For 2014 Tax Tips For Year 2014.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-29-2015, 02:09 PM
Junior Member
Join Date: Mar 2015
Posts: 0
1099 MISC box 6

I am a health care professional, sole proprietor, and get reimbursed directly from health care companies. I received my 1099-msc with the amount paid listed in box 6. Why is my tax due so much higher when placed in box 6 instead of box 7(non employee compensation). since i also do contract work some of my 1099-misc are in box 7. when i enter all my earnings in box 7 instead of box 6 my taxes decrease tremendously. I am wondering why and is there a loophole, like forming an LLC to help with this for 2015?

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

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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 ebrown Miscellaneous 1 04-01-2014 10:51 PM
1099 misc and LLC's Emery For 2013 4 09-15-2013 11:45 PM
1099 Misc BooFra689 Income 1 03-15-2012 08:57 AM
1099 Misc kfloyd Income 0 04-14-2010 10:16 AM
1099-misc Jaduexclens Income 1 02-22-2008 07:23 PM

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

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

» Recent Tax Q&A
No Threads to Display.