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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 4474
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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I am currently on the e3 visa living in new york. I started

Customer Question

Hi there, I am currently on the e3 visa living in new york. I started a new job last year. At the beginning of my contract I was given a check for my first two weeks of work. After that time, I was added to the payroll. I therefore now have a W2 and 1099 for 2015 from the same employer. Does this present any issues when doing my taxes? Looking forward to your response. Jenna
Submitted: 10 months ago.
Category: Finance
Expert:  Rakhi Vasavada replied 10 months ago.

Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

No.. that should never be a problem for you.

If you worked for an employer as an employee, but also performed work for the same employer as an independent contractor, you should get both a Form W-2 and a Form 1099-MISC after the end of the year. Report the income information from your W-2 on Line 7 of Form 1040, and your federal income tax withholding on Line 62 for the 2012 tax year. Report the income from your 1099-MISC on Schedule C. Once you complete Schedule C, report your profit or loss from self-employment on Line 12 of Form 1040.

I am sure this would help.

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Warm Regards,