Form 1099-MISC is used for miscellaneous income. It no longer includes independent contractor income.
These are the best apps to track your standard mileage deduction. I put the best overall first, but some of the apps lower in the list might be better for your specific situation.
If you have business income as an independent contractor, gig worker, or sole proprietorship, you’ll need to include 1040 Schedule C with your personal tax return.
Form 1099-K reports payment transactions you receive from a payment settlement entity. It includes gross receipts that may or may not be reportable on your income tax return. You may also be able to take deductions to offset any business income you have to declare.
Uber ridesharing, Uber Eats, and Postmates all operate as part of Uber. If you worked for any of these services, you’ll get a tax form from Uber. Here’s what you need to know about filing your taxes, how much you’ll owe, and how to save money.
The 1099 rules are different for individuals and corporations. Here’s what you need to know.
If you drive for Amazon Flex, you’re responsible for setting aside and reporting your own taxes. It’s easy to do if you take the time to learn the basics.
Unlike other services, Uber drivers keep 100% of the tips they receive.
If you’re self-employed and work from home, you may be able to take the home office deduction. The home office deduction allows you to take a tax deduction based on the amount of your home you use for your business.
An affiliate marketing business can be very lucrative. Of course, this means the IRS is going to want you to pay taxes on your affiliate marketing income. Here’s what you need to do and how you can save money.