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Get your taxes done using TurboTax
Thanks for your help.
That's what I have always done,
but I was reading about the different criteria and was thrown off by some of the language.
In the attached screenshot from this page: https://www.businessnewsdaily.com/payroll/1099-misc-vs-1099-nec ,
even though it's not really relevant, I was not sure who was being referred to in this language for NEC:
"Freelancer/contractor income and other payments likely subject to self-employment tax."
I was confused because everyone in this scenario, including myself, is subject to self-employment tax.
I'm assuming that this refers to the freelancer/contractor who is receiving the payment and who would have to report that payment from me as self-employment income subject to taxes.
Correct?
‎January 4, 2023
7:02 PM