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one time invited consultant tax consequences
If an online consultancy start up invites me to be a one time consultant to one of their
clients for 30 mins and pays me a half hour fee of $100, is that reported to IRS or is it the
consultant's responsibility to report it, if yes, on which irs form?
August 31, 2022
11:43 AM
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Self employed
Since the amount is less than $600 no form 1099-NEC is required. You report the payment as other income on your return.
August 31, 2022
11:54 AM