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How To Handle Amazon Flex 1099 Self-Employment Taxes The Easy Way A 1099 form is a series of documents the IRS calls an "information return", defined as a tax return that contains taxpayer's identifying information but does not state their tax liability. In other words, it's a form that is filled out for information purposes that specifies the earnings made from a given contract but does not calculate the tax debt on any of it. A 1099 form is filled out by a client or employer doing business with a freelancer/independent contractor -- and a copy is sent to both, the contractor and the IRS. 1099 forms come in a variety of versions, designed for different types of non-salary income. Some are issued for earnings as low as $10 in earned interest, but the majority start at $600 income earned from a single client within the tax year. Make sure they have your most recent address so that the form does not get lost in the mail (though, even if it does, it is not a big deal -- you can still report your income without a 1099 on Schedule C anyway). Amazon Flex Drivers are considered "1099 non-employee workers", which is a separate taxpayer status from the classic W-2 salaried employees who work for someone else. State Income Tax -- where applicable (some U.S. states levy flat-rate income tax, some graduated-rate income tax, and some none at all) Self-Employment Tax -- essentially a Social Security/Medicaid tax for the self-employed (for the year 2021, the self-employment tax is set at 15.3% -- and it is applied to 92.35% of your total income from self-employment) Send in each quarterly estimated tax payment on schedule, by the IRS-specified quarterly deadline (not honoring the deadlines and paying estimated taxes late also incurs financial penalties). high quality imitation bagsburberry ashby bag replica

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