div > div.group > p:first-child"> But during my junior year in college in the fall of 2017, I received something strange in the mail: a 1099-MISC form, a tax document that details payments made to independent contractors.
"For a college sophomore or a college senior, having these conversations about money can be uncomfortable," said Sean Stein Smith, a CPA and member of the American Institute of CPAs' Financial Literacy Commission.Kini Allen posted on Twitter about her son having to pay taxes for an internship required by his college.
For instance, employers are responsible for withholding taxes from their employees' wages. This way, workers pay their income and payroll taxes over the course of the year. However, because they might have a part-time job as a student, that income is considered U.S.-sourced and would be subject to taxes, she said.Whether you are required to submit a tax return depends on your filing status and your gross income.
Source: Education Headlines (educationheadlines.net)
acorns CNBC with the dumbest articles ever.
acorns Again, reading is fundamental
acorns I earned money, I probably have to pay tax? Everyone earning money has this issue. Look at your pay stub.
acorns When are the people of this country and the stupid Trump base going to realize this is a republican plan to keep the wealthy in education and keep the poor and middle class from getting the same education.
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