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Get your taxes done using TurboTax
When you work as a consultant, you are considered a self-employed individual for income reporting purposes. If you earn more than $600 in a year, the client has to provide you with a Form 1099-MISC, the IRS is also provided a copy.
You will enter all your Form 1099-MISC income and expenses related to your consulting business on Schedule C Profit or Loss from Business.
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‎February 7, 2020
12:37 PM