If the income reported on Form 1099-NEC is not self-employment income, but instead from a sporadic activity or hobby, report it on line 8, “Other Income,” on Schedule 1 (1040). What Is a 1099 ...

See full bio. You'll get more tax paperwork, and you'll likely need to file more forms at tax time. Here's how to stay on top of it all. Tina Orem Self-Employment Tax: What It Is, How to Calculate ...

IRS' lowering income standard for self-employed from $20,000 to $5,000 a year means more 1099K forms are being sent in the mail ...

Over a third of those firms that manage private funds do so as their exclusive form of business, but many of the rest ... to decide whether the exclusion for limited partners from self-employment ...