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How do I make a letter of my earnings for student loan? (Contract work)?
So my job this summer was contract work. So my job doesn't keep record of what I made and instead I have to.
I'm new to this and need to prove what I made. Since I fall under self employed I have to write an official letter as a business claiming what I made.
I feel like a kid making a fake report card so hope someone can help tell me what should be on it???
2 Answers
- troLv 77 years ago
I don't know where you plan to use any kind of 'letter' but if you have income from self employment as an independent contractor you will file a Sch C and possibly SE with your 1040 tax form
you can find these at www.irs.gov and also look at the publication 17 at that site, you can find out what you need to do
- NALv 77 years ago
If you made more than $400, you have to file a tax return. THAT becomes your proof.
If you made more than $600 working for a business, they are required to issue you a 1099-Misc. Some will for any amount, but they don't have to issue it you before 1/31/2014.
As for proof, you should have copies of your deposit slips and invoices. After all, if your payer issues you a 1099-Misc claiming he paid you $10,000 more than you say you made, how would you disprove it?
