What is an independent contractor form 1099-MISC?

Modified on Tue, 20 Dec 2022 at 02:18 PM

The 1099-MISC Form is similar to the W-2 Form, in that it reports income to a worker and the IRS. The difference is that the 1099-MISC Form is used by organizations that pay contractors or freelancers $600 or more during a calendar year. Whereas employers deduct taxes from your income and report it along with your income on a W-2, clients who hire you as a contractor don't make any deductions, but still report what they paid to you on the 1099-MISC Form.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article