<p>Anybody written a letter like this? I have a small amount (less than $8000.00) of income from sub-contracting work that is reported on a 1099 for which I file a schedule C w/very minor deductions and pay self-employment tax. I only do the work for one company. I’ve sent in tax forms to IDOC and sent tax forms directly to those schools that use that method. On Lehigh University’s financial aid portal it showed I needed to file a business/farm supplement. I printed it out, realized I could fill out the front and had no clue how to do the back portion, so I called the financial aid office, they asked me a few questions and said, I was self-employed not a business owner for their purposes and told me all I needed to do was to fax or mail them a letter stating that fact. After I hung up, and got ready to write I’m not sure what to put in it. If I just say I’m self-employed not a business owner, that’s just one sentence, which hardly qualifies as a letter. Anyone done one of these? Did you explain what kind of work you did, who it was for etc… or just the one sentence. Lehigh is the only school so far that has even put the requirement out there. Thanks.</p>
<p>I have never completed a letter such as this, as I am business owner(albeit a VERY small one). But I would suggest simple wording such as this,</p>
<p>To whom it may concern,</p>
<p>As you had requested, please let this letter serve as confirmation that I am not a business owner and therefore the requested supplement is not applicable. </p>
<p>The income reflected in form IRS form 1099 represents <<insert type=“” of=“” work=“”>> from a single client. All appropriate income and applicable deductions are appropriately disclosed in my Individual annual tax return. </insert></p>
<p>If you should have any further questions or need clarification on the above please feel free to contact me at <<insert info=“”>>.</insert></p>
<p>Sincerely,</p>
<p>You :)</p>
<p>Hope this helps.</p>
<p>Cheers</p>
<p>Excellent, thanks, hope you don’t mind if I borrow it, my own brain has turned to mush lately.</p>
<p>I just dealt with this situation yesterday as Im also paid via 1099. Per my conversation with the financial aid office, what they are trying to determine is the net worth of your business, if any. You may wish to add a little blurb stating zero value to the letter above.</p>
<p>I had similiar situation, wanted the value of my business on the CSS PROFILE.
I put zeros in & said I had no employees, no value to my business, but am self-employed. </p>
<p>Sent a fax to the financial aid office & they agreed I did not need a Business/Farm Supplement. Sent a copy of the email & fax from the financial aid office along with the income tax returns.</p>