What is an average 1,099 a freelancer

Definition: 1099-MISC (download) is a form used to report income to the IRS pays an independent contractor. It is also used to report income, royalties and a variety of other types of income. For independent contractors who work from home, often freelance or consulting, which is often used to show the non-wage compensation (Table 7). In general, independent report contract income in box 7 of Annex C

If you as an independent contractor for a company paid $ 600 or more dollars, the company must issue a 1099-MISC on January 31 of the following year. The delay may sometimes later when January 31 falls on a Saturday or Sunday.

And if your company, an independent contractor to pay $ 600 or more, you should be a period of 1099 you have a copy with the IRS and submit. See IRS Form 1099-MISC for details.

Note: If you have employees working from home, you should retain a Form W-2 reporting their income and taxes not receive a 1099.

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_{Disclaimer: I am not a specialist tax lawyer, accountant or tax preparation. The information presented here as a general guide. For specific questions about your own taxes, see IRS publications or consult a tax advisor.}

Also known as: 1099 1099MISC