You may have noticed some things are different tax-wise when it comes to delivering for Doordash. Dashers don’t get a Door Dash W2, and the form you do get is very different. How does this all work? Why did you get a 1099 form instead of a W2? What are we supposed to do with …
If you have earned more than $600 delivering for any particular gig economy company, you will likely receive a 1099 form at the end of January reporting your income. What is a 1099 form? How does this work with your delivery driver taxes? How is it different from a W-2 form? We’ll look at how …
Do gig economy delivery companies report your income to the IRS? Is independent contractor income from Doordash, Uber Eats, Instacart, and others income under the table? What if you made less than $600 in the past year as a delivery driver? Will you get in trouble if you don’t report that money? Remember that the …
As an independent contractor in the gig economy, your taxable income is your profit, not the money you receive from gig companies. It’s easy to confuse 1099 taxes with employee taxes. That confusion can lead to other mistakes, which can be very costly at tax time. We’ll explore the difference between gross income (the money …
Some gig economy companies like Doordash and Instacart use Payable to distribute their 1099 forms. Every January they send out invitations to sign up to get your 1099 forms electronically. And right away, one question stumps everyone: What is your business type? Individual? Sole Proprietor? LLC Single Member??? If you don’t know the answer, odds …
Grubhub recently sent an email out to contractors notifying them of the new 1099-NEC form that would be used to report income. Why is Grubhub changing their 1099’s from 1099-MISC to 1099-NEC and what will this mean for independent contractors? What about Doordash, Uber Eats, Postmates, Instacart, Shipt and any others who use the 1099-Misc. …
What do you do if your Doordash 1099 is wrong? What if your Grubhub 1099 is screwed up? Should you be concerned if Uber Eats didn’t send one to you? It’s an important question. If your 1099 is incorrect, you could end up either paying too much or under-reporting your earnings on your tax return. …