1099 On my 1099 form, it says Federal Income Tax withheld, 137.41. State tax withheld $54.96. Does this mean that taxes have already been taken out?

[AnnetteB]

Yes, it means that some Federal and state taxes have been taken out of the amount you received. 

Just like an employer would withhold taxes from your wages, you can have taxes withheld from payments reported on a 1099.  When you enter the information from the 1099 into your tax return, be sure to include the withholding amounts on the 1099 input screen so that you will get credit for those amounts when your taxes are calculated. 

[ajanello]

As a 1099 employee what form should I use (file with payor) to have the payor withhold federal income taxes

[Hal_Al]

@ajanello , you file for w-9 with your "employer".  https://www.irs.gov/pub/irs-pdf/fw9.pdf

But don't bother. Your "employer" is not required to do withholding and most (almost all) do not want to bother doing so.  Instead, you should make quarterly estimated payments.

You should make estimated tax payments for the current tax year if both of the following apply:
- 1. You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits. 
- 2. You expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your current year’s tax return, or  100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.)

TurboTax (TT) can prepare the quarterly payment vouchers. In your 2018 software, enter at:

Federal Taxes or Personal (H&B version)

-Other Tax Situations

  -Other Tax Forms

    -Form W-4 and Estimated Taxes - Click the Start or Update button

On the next screen answer No to the W-4 question

If your goal is just to avoid the underpayment penalty, then paying 100% of the prior year tax liability is the “safe haven”


Or you can obtain  blank IRS Form 1040-ES from the IRS. The form and instructions are at this link:  https://www.irs.gov/pub/irs-pdf/f1040es.pdf

You can also pay Federal directly here.  Be sure to select 1040ES:

https://www.irs.gov/Payments

[Marzspace]

So is it possible to put on your 1099 form that you want taxes taken out? Can you put that you want the required percentage to be taken out for state and federal?

[TeresaM]

You cannot request withholding, now, for a Form 1099 which has already been issued for the previous year's payments. 

However, for this year, depending on what kind of a Form 1099 it is, you can request the administrator who sent you the form to do withholding for federal or state taxes, now, and it will reflect on the Form 1099 you receive next year, for tax year 2023.