1099 for the Self Employed
If you are a self employed taxpayer, you
usually receive a 1099 MISC from any payer that has paid you
over a certain amount of dollars. A self employed
individuals will not receive a W-2 form but will receive a
1099-MISC form instead to report income to the IRS.
If you are a self employed person such as a
home based business owner, you might not have a separate EIN or
tax ID for your business. Self employed people usually use
their social security numbers for their businesses.
Will I receive a 1099 MISC form?
Most companies will send you a 1099 MISC
form at the end of January to let you know what they have
reported to the IRS of how much you made with them or how much
they paid you. However, there are companies that do not comply
with the IRS rules for 1099 forms and will not send you the
If you have not received a 1099 MISC form
from the payee, then you should first make sure that you made
enough money for them to send out a 1099 MISC form. If you
have, then you should contact them to request one. You may have
to even send a self addressed envelope to formally request one.
If you are not successful at getting a 1099 form from them, you
may be in trouble later so you should make every effort to
obtain a 1099 form.