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Hi Whitesantafe,,

 

To follow up on ylur question, while it comes down to the business that will be paying you for your services, since they would be considered your "client", you will be billing them for all the services you stated earlier. When the time comes at year end, they will most likely generated a Form 1099-NEC for all amounts paid, because all if it is considered "Self-Employment" Income. When you report your gross receipts on your TurboTax year-end tax return, you will be claiming a business deduction for all the associated costs you incur from using your vehicle, hotels, meals, or tools and and supplies you spend along the way.

 

Bottom line, your self-employment income will be subject to self-employment taxes of 15.30% on the net amount you earn after all the expenses above are subtracted from the amount you receive. It will not matter if they break down all the associated amounts you bill them into several checks, because only one Form 1099-NEC will be generated at year-end with your Social Security Number.

 

Once you start assessing the net result of all that gross income less expenses, that additional net income, plus your pension, IRA distributions and possibly 85% of your Social Security Benefits will be subject to Federal Income Tax after you subtract out your Married Filing Joint Standard Deduction of $27,700, unless you can claim a larger Itemized Deductions, in addition to the added Self-Employment tax on the net amount you earn at 15.30%.

 

I hope this provides some insight for now.

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