Form 1099s Explained

Tax season is a stressful time for everyone. Having the proper documents easily accessible for your personal situation makes the process much easier. The documents that you need will depend on the way you earned your income, your expenses, and the significant life changes you went through throughout the previous year. If you worked as an independent contractor for a company like DoorDash, Instacart, or Uber, you need what is called a “Form 1099”.

A Form 1099 is a tax document used to record the money paid to an independent contractor or freelancer. It is like a traditional W2 that you receive as an employee for a business. However, when you are a 1099 contractor, the business you perform work for does not withdraw taxes from your earnings for you. The company you did business for will send you this document either at the end of your contract and after you’ve been paid or at the beginning of the new year. If you worked as an independent contractor or freelancer, be sure to get this document so that you can file your taxes.