4 ms·
- 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
by 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