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February 9, 2020
Question

I got a 1099-MISC form from one of my

  • February 9, 2020
  • 1 reply
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jobs that did not take taxes out of my paycheck. I thought I listed it correctly but when reviewing it on online it makes it look like I own the business and I do not. Do I need start it over to fix i

1 reply

February 9, 2020

you do own the business.  when you receive a 1099-misc, you are being treated as an independent contractor. as such you own the business. you file schedule C and pay self-employment as well as income taxes on it.  there is a benefit,   job related expenses are deductible.