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sleepyguy22 t1_ja9cl0y wrote

Reply to comment by No_Knowledge_5885 in helping my 21 y/o with taxes - does he even need to file? by No_Knowledge_5885

1099-NEC means he was self employed, and thus owes payroll taxes (i.e. social security & medicare) on his earnings. That's separate from income taxes, which he owes nothing.

File and pay the tax, otherwise the IRS will be sending a letter sometime in the next 12 months asking for their share, plus interest.

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Werewolfdad t1_ja9cv6t wrote

Man you guys are quick

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sleepyguy22 t1_ja9dl1g wrote

Right back at you on most of the posts here! :) I always am relieved when you and DeluxeXL concur with my advice and I haven't completely butchered my understanding of taxes.

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