qbteachmt
Level 15
02-25-2025
12:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
These companies are his customers. He's got/is this one business.
1099-NEC is an informational form. If your client drove for 1 or 150 businesses, such as a courier, and if no one paid him $600 or more in the year, he'd never get a 1099-NEC at all. Yet, he would report all of this on the tax form, all revenue and expense. If he drove only for private people and they paid him $1million, he would not get a 1099-NEC, yet he would report all of this on the tax form, all revenue and expense.
The 1099-NEC forms are not the tax reporting paperwork.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers