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On Lines 1 through 10 Below, Enter the Amount of Compensation for Each Tax Form

On Lines 1 through 10 Below, Enter the Amount of Compensation for Each Tax Form

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  1. Locate on lines 1 through 10 below enter the amount of compensation for each tax form and click Get Form to begin.
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as an independent contractor it's important to understand that when it comes to taxation you're going to be taxed one or two ways you're either taxed as a W-2 employee or you're taxed as a business owner you might not be thinking you're a business owner because maybe you don't have a business license maybe you don't have a formal entity maybe you don't have a separate bank account but for tax purposes you're going to be considered a business owner and if you're not thinking like that you're going to give your 1099 to your tax professional and they're just going to report your income therefore you're going to have a higher tax bill but when you stop and think about the fact that you are a business owner you know what goes along with being a business owner business tax deduction that's right just because you are classified as an independent contractor with whomever you'

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