I got a Form 1099 – Does this mean I must file and pay Individual Income Tax?

Many businesses across America send 1099 forms to the IRS every year for various types of payments, with copies of the 1099 forms going to the recipients of the payments. You may have recently received one or several yourself within the past few weeks and are wondering whether you will be breaking the law and risking fines, penalties and even imprisonment if you do not confess to receiving those payments on a Form 1040 by April 15th.

The most common IRS 1099 form is 1099-NEC for Nonemployee Compensation (formerly reported on IRS 1099-MISC forms). However, other common forms are 1099-INT, 1099-DIV, and 1099-K.

In this week’s Freedom Hour, Peymon Mottahedeh, founder and president of Freedom Law School, explains the laws about 1099 forms, what to do if you received copies of any 1099 forms, and how to stop businesses from erroneously reporting your payments to the IRS on 1099 forms in the future.

---

✩ Connect with Freedom Law School through our other platforms ✩

✭ Our Website: https://livefreenow.org/

✭ Facebook: https://www.facebook.com/FreedomLawSchool

✭ BlogTalk Radio: https://www.blogtalkradio.com/freedomlawschool

✭ Twitter: https://twitter.com/LiveFreeNowOrg

✭ Minds.com: https://www.minds.com/freedomlawschool/

Yours in truth,

Peymon Mottahedeh

Founder and President of Freedom Law School