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Question
I made about $672 at a side job last year. My boss doesn’t want to give me my 1099 form. What do I do?
AI accountant’s answer:
Even if you don't receive a 1099 form from your boss, you are still required to report your income from the side job on your tax return. Here's what you can do in this situation: 1. Contact your boss and request the 1099 form: Politely remind your boss of the requirement to furnish a 1099 form for the income you earned. Keep in mind that for tax year 2022, businesses are generally required to issue a 1099-K or 1099-NEC to individuals who earned more than $600. 2. Report the income without the 1099 form: If you don't receive the 1099 form, you can still report the income on your tax return. If you're an independent contractor, report the side job income on Schedule C (Profit or Loss from Business) and include this schedule with your individual income tax return, Form 1040. 3. Keep records: Make sure you keep accurate records of the amount you earned, any expenses you incurred for the side job, and any correspondence with your boss about the 1099 form. These records will be helpful if the IRS has any questions or if you face an audit. Remember, it is your responsibility to report all income earned, even if you don't receive a 1099 form. Failure to report income can result in penalties and interest from the IRS.
Comment from reviewer
Isaiah McCoy, CPA

The 1099-K reporting threshold was originally going to be $600 for tax year 2022, but the enforcement of that change has been delayed till tax year 2023.

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