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Retirement tax questions
A 1099-MISC is a form that would be given TO you by certain clients or business arrangements. You may not get any at all depending on the nature of your business.
As a self-employed person, you must report your self-employment income on Schedule C that is attached to the rest of your tax return. Schedule C reports all your gross income, deducts your expenses, calculates the self-employment and income tax, and adds it to your other taxes and deductions from your W-2 job.
You need to have good business records proving your expenses and your income, even if it is only in cash.
May 31, 2019
6:11 PM