1099s
Independent contractor documents
1099s are tax forms used in the United States to report income other than wages—freelance earnings, interest, dividends, and miscellaneous payments.
The IRS requires businesses to issue 1099s to contractors and others paid more than a threshold amount.
I'm still waiting on my 1099s before I can file my taxes.
The term often distinguishes independent contractors from salaried employees: She's not on staff—she's a 1099.
Working independently, not hired
- freelancerSelf-employed service provider
- independent contractorSelf-employed person hired temporarily
- gig economyWork based on temporary contracts
- consultantProfessional advice provider
side hustle · contract work · project-based · sole proprietor · invoicing · retainer · billable
Federal tax collector
- filingStoring documents systematically
- e-fileSubmit taxes digitally
- Schedule CSole proprietor income form
- Form 1040Federal income tax return
W-2 · tax year · deadline · independent contractor · reporting · threshold · copy · recipient
Payment for services rendered
- earningsMoney gained from work
- royaltiesOngoing payments to creators
- commissionsPayments for services rendered
- dividendsProfits paid to shareholders
interest · rent · prizes · settlements · winnings · fees · honorarium · referral bonus
Formal accounts examination
- withholdingKeeping from another
- penaltiesPunishments for infractions
- taxpayerOne who owes government duties
- tax codeLaws governing taxation
deductions · exemptions · underreporting · documentation · recordkeeping · mismatch · notice · verification
self-employed
Working independently, not hired
- freelancerSelf-employed service provider
- independent contractorSelf-employed person hired temporarily
- gig economyWork based on temporary contracts
consultant · side hustle · contract work · project-based · sole proprietor · invoicing · retainer · billable
IRS
Federal tax collector
- filingStoring documents systematically
- e-fileSubmit taxes digitally
- Schedule CSole proprietor income form
Form 1040 · W-2 · tax year · deadline · independent contractor · reporting · threshold · copy · recipient · payer
compensation
Payment for services rendered
- earningsMoney gained from work
- royaltiesOngoing payments to creators
- commissionsPayments for services rendered
dividends · interest · rent · prizes · settlements · winnings · fees · honorarium · referral bonus
audit
Formal accounts examination
- withholdingKeeping from another
- penaltiesPunishments for infractions
- taxpayerOne who owes government duties
tax code · deductions · exemptions · underreporting · documentation · recordkeeping · mismatch · notice · verification
- 1099 formsIRS income reporting documents