Zelle payments.

Forum|Forum|2 years ago
March 10, 2024
1 reply
2 views

Hello,

My employer pays my overtime on Zelle, he said that he was not going to issue a 1099 form nor the corresponding form. In this case, i would like to know which form should i report or what section should i report that income?

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VolvoGirl

Level 15

What do you get for your regular pay? A W2 or a 1099NEC? if you are self employed on a 1099NEC you don't need to get an actual 1099 form. You can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099MISC, 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C. You should be entering the income from your own records.

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium version. Or use any of the Desktop CD/Download programs.

How to enter income from Self Employment
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

dav1206sAuthor

Level 2

@VolvoGirl I received a W-2 from my employer which i already uploaded to the platform but i have not submitted it yet, so what would be the best option to report that income along with my regular W-2? thanks.

DianeW777

Level 15

It depends. If I understand you, your employer is not including your overtime in your W-2 with the rest of your wages. If so, this is not the correct action on the part of your employer, however if this is the case you have two options.

File the overtime as self employment income and pay the social security and medicare tax (both employer and employee portion) yourself. Follow the steps in the link below.
1. How do I report self employment income?
2. What self employment expenses can I deduct?
File a substitute W-2, Form 4852 which will allow you to pay only the employee portion of the social security and medicare taxes. The IRS will go back to your employer for their share.
1. How do I file a substitute W-2 using Form 4852?

@dav1206s

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