RC Tax Solutions

1099-MISC Filing Information

Employees receive a W-2 each year showing wages and withholding. Independent contractors instead receive a 1099-MISC/1099-NEC from clients who paid them during the year. Use these forms to confirm you’re reporting all income.

Even if you earned under $600 from a client and don’t receive a form, you still must report that income on Schedule C. Good bookkeeping is essential.

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Independent Contractor Tax Deadlines

As a contractor, be prepared for additional due dates beyond April 15.

Quarterly estimated tax filing
  • Pay estimated taxes to cover income tax and self-employment tax.
  • Typical due dates: Apr 15, Jun 15, Sep 15, Jan 15 (next year). If a date falls on a weekend/holiday, it moves to the next business day.
  • Use Form 1040-ES vouchers or pay electronically (IRS Direct Pay/ EFTPS).
Personal income tax deadline
  • Annual return due April 15 (next business day if it falls on a weekend/holiday).
  • File Form 1040 with Schedule C (business income/expenses) and Schedule SE (self-employment tax).
  • Need more time? File Form 4868 for a 6-month extension to file — but pay any tax due by April 15 to avoid penalties/interest.
State tax deadline
  • Most states follow federal timing but may have different forms and rules.
  • Check your state for estimated tax requirements and local business taxes.
Independent contractor taxes
  • Self-employment tax covers Social Security & Medicare (calculated on Schedule SE).
  • Track deductible expenses (home office, supplies, mileage, phone/internet, insurance, professional fees) to reduce taxable income.
  • Consider setting aside 25–35% of net income for taxes to avoid surprises.
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