I’ve gotten my 1099 nec form to help me do my taxes but it’s asking me to about schedule C, what does the mean?

When you get form 1099-NEC, that means you're self-employed, an independent contractor, a sole proprietor. when you're self-employed, the IRS makes you fill out Schedule C, Profit or Loss From Business. It's as if you have your own company.

• This includes any part-time businesses or private “side jobs” where you’re performing services in addition to a regular job or business.

When you’re paid this way, there’s no withholding taken out of your income, which means you’ll pay both self-employment tax as well as income tax.

• A benefit of being self-employed is that it enables you to have lots of write-offs as well, so make sure to enter all your expenses. This helps you reduce the taxes you might owe or increase your refund. We’ll help you get every possible tax break you deserve.

Additional information:

• Where do I enter Schedule C?
• Am I considered self-employed?
• What's different now that I'm self-employed in 2020?
• Does a 1099-NEC or 1099-MISC mean I'm self-employed?