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Get your taxes done using TurboTax
The IRS filing requirements are different for business owners. The form 1099-NEC is used with the self employed. Income over $400 requires self-employment tax. You should file a tax return to claim your income and pay any taxes due.
References:
- Do I Need to File a Tax Return?
- Does a 1099-NEC or 1099-MISC mean I'm self-employed?
- Schedule SE (Form 1040)
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‎April 17, 2023
7:18 PM