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rjsg
Returning Member

Unemployment and 1099

While I collected unemployment, I did a small project for a couple of weeks as a 1099. Does that count as self employment or part-time?

 

Also what is the difference between self employment and independent contractor? Are they the same?

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4 Replies

Unemployment and 1099

An independent contractor is the same as someone who is "self-employed" as far as your taxes go.   You have to pay self-employment tax for Social Security and Medicare if you are self-employed since nothing is being withheld from your pay.   Anything over $400  that you received as an independent contractor or self-employed person has to be put on your income tax return.    Did you receive a 1099NEC or a 1099Misc?

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

 

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

 

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
rjsg
Returning Member

Unemployment and 1099

I haven't received the 1099 yet, so I don't know yet. 

rjsg
Returning Member

Unemployment and 1099

If I'm considered self employed, am I required to have EIN # separate from my social security #? I believe PA asks for a FIN #. Not sure what that is.

Unemployment and 1099

You may receive one in January.   Be watching for it---assuming this was for income in 2021.   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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