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Generally, if you're an independent contractor you're considered self-employed and should report your income (nonemployee compensation) on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship).
IRS Tax Form 1099-NEC. As of the 2020 tax year, the IRS Form 1099-NEC is the independent contractor tax form used by businesses to report payments to a contract worker in the previous tax year. This tax form for independent contractors is filed with the IRS and is also provided to the contractor for reporting income.
Form 1099-NEC is used by payers to report payments made in the course of a trade or business to others for services.
9s and 1099s are tax forms that businesses need when working with independent contractors. Form 9 is what an independent contractor fills out and provides to the employer. Form 1099 has details on the wages an employer pays to an independent contractor. This form is filed with the IRS and state tax authorities.
A 1099 employee is a contractor rather than a full-time employee. These employees may also be referred to as freelancers, self-employed workers, or independent contractors. If you are a business that is contracting 1099 employees, determine what type of work this individual will do for your business.