I Didn't Get a 1099 Do I Have to Report the Income?

In this informative video, I share crucial advice for independent contractors and consultants on managing taxes effectively. Discover how to handle 1099-NEC forms, the importance of reporting all income, and new IRS tools for accessing wage and income transcripts. Learn about the updated rules for third-party payment apps like Cash App, Venmo, and PayPal, and how they impact your tax reporting.

00:00 Introduction and Purpose
00:31 Understanding 1099 Forms for Independent Contractors
01:56 Reporting Income Without a 1099
02:40 Using the IRS Online Portal
04:29 Third-Party Payment Apps and New Reporting Rules
06:30 Conclusion and Additional Resources

IRS portal link: https://sa.www4.irs.gov/sso/?resumePath=%2Fas%2F55o08EnY4c%2Fresume%2Fas%2Fauthorization.ping&allowInteraction=true&reauth=false&connectionId=SADIPACLIENT&REF=073F643DCE1A37BF022D4C31C4EAB4F151582C160F9EEB630EA800000073&vnd_pi_requested_resource=https%3A%2F%2Fsa.www4.irs.gov%2Fola%2F&vnd_pi_application_name=OLA

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About Me:
Christopher J. Campbell, CPA
Website: https://www.chriscampbellcpa.com
Email: info@chriscampbellcpa.com
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I operate a virtual accounting firm focusing on tax, accounting, bookkeeping and CFO services for closely held businesses and individuals. I additionally provide business management services for creatives.

Видео I Didn't Get a 1099 Do I Have to Report the Income? канала Christopher J. Campbell, CPA