You should receive a 1099-MISC from
Posted: Tue Dec 24, 2024 7:11 am
You should receive a 1099-MISC from any affiliate company or client if you’ve made more than $600 from them throughout the year. Sometimes companies forget to send a 1099-MISC, but you’re still required to file those earnings as income on your own taxes. Bloggers who receive less than $600 are also required to report that income.
Do LLCs and Corporations Receive 1099 Forms?
If you’re structuring your blogging business as an S Corp or a C Corp (not very common), then you should not receive 1099 forms from other businesses come tax time.
If you formed an LLC to operate your blog under though, the answer is a bit nuanced. Most blog businesses (that aren’t too large) can be safely considered single-member LLCs that don’t have full-time employees, and rather opt to hire contractors for help with certain tasks. For single-member LLCs, you will need to receive a 1099-MISC form.
That being said, there is more than one way to file taxes as an LLC, and how you choose to file will determine whether or not you’ll need a 1099-MISC.
People who file as a single-member LLC will receive a 1099-MISC form
Some people opt to tax their LLCs as a corporation, which will not armenia phone number library 1099 forms
If you’re a solo run LLC, you’ll receive a 1099-MISC at the end of the year to use for filing the taxes on your blog.
4. Keep Thorough Records For Your Upcoming Blog Taxes
Importance of Keeping Records for Your Blog Taxes (Stock Image)
As a small business owner—even if your blog is a side business—you need to keep detailed records of all your blogging income and expenses.
This means you should record every source of income and expense you’ve acquired through your business.
Hands down, the easiest way to do that (in an automated fashion) is by using a blogger and small business-focused accounting tool like Sage 50cloud, which is a cloud-connected suite of tools that offers remote access, intelligent reporting on your finances and time-saving automation.
Taxes for Bloggers - Use Tools Like Sage
Another blogger-friendly accounting tool to consider is QuickBooks Self-Employed (which costs $15/mo, with first month free). QuickBooks can connect directly to your business bank (and credit card) accounts to automatically track transactions, categorize them, and create reports for your entire business behind the scenes without much work from you. It’s what I use to track my income and expenses and generate reports for my accountant.
Whether you’re using a tool like Sage 50cloud, or QuickBooks or not, smart financial management still means you should make a habit of:
Saving your receipts (or taking photos of them)
Do LLCs and Corporations Receive 1099 Forms?
If you’re structuring your blogging business as an S Corp or a C Corp (not very common), then you should not receive 1099 forms from other businesses come tax time.
If you formed an LLC to operate your blog under though, the answer is a bit nuanced. Most blog businesses (that aren’t too large) can be safely considered single-member LLCs that don’t have full-time employees, and rather opt to hire contractors for help with certain tasks. For single-member LLCs, you will need to receive a 1099-MISC form.
That being said, there is more than one way to file taxes as an LLC, and how you choose to file will determine whether or not you’ll need a 1099-MISC.
People who file as a single-member LLC will receive a 1099-MISC form
Some people opt to tax their LLCs as a corporation, which will not armenia phone number library 1099 forms
If you’re a solo run LLC, you’ll receive a 1099-MISC at the end of the year to use for filing the taxes on your blog.
4. Keep Thorough Records For Your Upcoming Blog Taxes
Importance of Keeping Records for Your Blog Taxes (Stock Image)
As a small business owner—even if your blog is a side business—you need to keep detailed records of all your blogging income and expenses.
This means you should record every source of income and expense you’ve acquired through your business.
Hands down, the easiest way to do that (in an automated fashion) is by using a blogger and small business-focused accounting tool like Sage 50cloud, which is a cloud-connected suite of tools that offers remote access, intelligent reporting on your finances and time-saving automation.
Taxes for Bloggers - Use Tools Like Sage
Another blogger-friendly accounting tool to consider is QuickBooks Self-Employed (which costs $15/mo, with first month free). QuickBooks can connect directly to your business bank (and credit card) accounts to automatically track transactions, categorize them, and create reports for your entire business behind the scenes without much work from you. It’s what I use to track my income and expenses and generate reports for my accountant.
Whether you’re using a tool like Sage 50cloud, or QuickBooks or not, smart financial management still means you should make a habit of:
Saving your receipts (or taking photos of them)