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Level 1
posted Jan 28, 2020 6:50:54 AM

Received a total of $1060 from an employer as an independent contractor in 2019, but I didn't get a 1099-MISC

Had some work back in August as a Sales Associate for a start-up, but unfortunately me and the other contractor received the boot since the boss was going through a dry spell and couldn't close any cases (life settlement). I did some research online and I see that we're supposed to receive a 1099-MISC if we earn more than $600. Is this really required? Or is it okay to use the second option instead to report the income: https://i.imgur.com/fzeLS5Q.png

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2 Replies
Expert Alumni
Jan 28, 2020 9:58:42 AM

Yes, the IRS requires that all employers  provide a 1099-MISC to any individaul that they pay $600 or more to in a year.

 

If you know that your employer will not be providing you with a Form 1099-MISC than you may use your own records to report your self-employment on your tax return.  The fact that you will not receieve a 1099-MISC does not releieve you from reporting the income you earned from that employer.

Level 1
Jan 28, 2020 10:52:49 AM

I understand, thank you.