3 ms·
> You don't need to declare who gave you the money on the income tax filing. Don't you? I thought that in the US you needed to have either a 1099 or a W2 for a
by wpietri 3y ago
> You don't need to declare who gave you the money on the income tax filing.
Don't you? I thought that in the US you needed to have either a 1099 or a W2 for any significant employment income.
- NavinF 3y ago- this isn't employment income, that's a separate category with higher taxes - you want the payment sent to your LLC or similar, not directly to you. See above - the requirement to file a 1099 is on the payer, not the worker - many transactions don't require filing a 1099, most notably all payments made using a credit card. If you're an independent contractor in the US and accept credit cards, you'll get paid 5 minutes after sending an email instead of 30 days later after it goes through layers of approval