dhermanns
Returning Member

Get your taxes done using TurboTax

I am a contractor being paid on a 1099. I was receiving payment through paychex management previously. Now the company, for which the labor was performed, wish to pay through a social money-transfer platform.

 

Are there any ramifications for accepting this payment? Or would the company and myself just have to carefully track both methods of payment?

 

I understand that the income would be reported when I receive the payment.