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  2. Familiarize yourself with how the platforms where you do business plan to handle their 1099-K reporting and what they may need from you to facilitate that. They may, like Venmo and Etsy , have a ...

  3. Independent contracting in the United States - Wikipedia

    en.wikipedia.org/wiki/Independent_contracting_in...

    The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...

  4. Form 1099-MISC - Wikipedia

    en.wikipedia.org/wiki/Form_1099-MISC

    In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

  5. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

  6. How to get a mortgage when you’re self-employed - AOL

    www.aol.com/finance/mortgage-self-employed...

    The sort of documents you might need include: Employment verification. A copy of your business license. Proof of business insurance (if applicable) ... It’s not impossible for a self-employed ...

  7. DoorDash vs. Uber Eats: Which Earns More Cash? - AOL

    www.aol.com/finance/doordash-vs-uber-eats-earns...

    Making Deliveries With Uber Eats or DoorDash. Once your background check is approved, you are ready to get started. Make sure your vehicle is gassed up, you have an ID and a credit card — in ...

  8. Gig worker - Wikipedia

    en.wikipedia.org/wiki/Gig_worker

    It is important to distinguish employment in the sharing economy from employment through zero-hour contracts, a term primarily used in the United Kingdom to refer a contract in which an employer is not obliged to provide any minimum number of working hours to an employee. Employment in the gig economy entails receiving compensation for one key ...

  9. How to get a small business loan when self employed - AOL

    www.aol.com/finance/small-business-loan-self...

    Freelancers and self-employed business owners can get most of the same business loans as other businesses, though your needs will be different. You can choose the type of loan that best matches ...

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