Can anyone describe the procedure for filing in a situation like mine?====>>in principle, the payer needs to issue 1099MISC as he has
paid during the year at least $600 ; a 1099-MISC is only needed if the amount in question is above $600.So you need to report your 1099 income on Sch C line 1 part1.aslongas three amount on Sch C line 29/ 31 is $400 or exceeds $400, you need to file your returnas an IC and also aslongas there amount on Sch SE line 2 / 3 is also $400 or exceeds $400 , then, you need to pay self employment tax to IRS and you can deduct 50% of your seca tax on 1040 line 27.you need to report your wage of $6k on 1040 line 7 however,I guess as you can deduct (The Tuition and Fees Deduction may directly reduce your income subject to tax by up to $4K,. You may be eligible for the Tuition and Fees deduction even if you do not qualify for the American Opportunity Credit or the Lifetime Learning Credit.) your tuition cost up to $4K, acutally you do not owe tax to IRS/your state. However, You should file to get money back if Federal Income Tax was withheld from your pay on W2, (IF you made estimated tax payments, or had a prior year overpayment applied to this year’s tax.) as said above, aslongas the amount on Sch C line 29/ 31 is $400 or exceeds $400 you must file return.
Or at least, let me know where I can read about it for myself?=======>>>>>you may visit the IRS website here for more info in detail;
Self-Employment Tax (Social Security and Medicare Taxes)
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