Filing 1099 Tax Form Online for Free
This article aims to guide Americans through filing a 1099 Tax Form online for free.
Getting Started
IRS approved e-file provider 1099Online.com ensures error free filing.
You can file a 1099 with TurboTax. TurboTax Deluxe suits complex tax situations. 1099-NEC Snap and Autofill is available in TurboTax Self-Employed.
Steps for E-Filing
- Register and enter filing information
- Enter payer, payee, and 1099 data
- E-file to IRS
Filing 1099 Taxes
You can file your 1099 taxes yourself. The IRS considers income earned by your business to be income earned by you. You will not issue yourself a 1099. It is not necessary and will complicate your taxes.
As a 1099 contractor, you pay both portions of Social Security and Medicare taxes, known as self-employment taxes. This can increase your tax burden compared to being an employee. The self-employment tax rate is 15.3% of net earnings.
If you earned less than $600 as a contractor, the payer does not have to send you a 1099. But you still must report the income as self-employment income.
If you forget to include 1099 income on your return, the IRS penalty is 20 percent.