Do I owe taxes if I didn't get a 1099?
Yes. Side-hustle income is generally taxable whether or not a 1099 was issued. You're responsible for reporting it, and we make sure it's reported accurately.
Tax help
Side hustle taxes, handled the right way.
Your side income is taxable, but with the right deductions and a little planning it doesn't have to be a headache.
Prepared by real tax specialists — with Enrolled Agent or CPA review when your return calls for it.
Income from a side hustle is generally taxable whether or not you receive a 1099, and whether it's driving, freelancing, reselling, or anything else. Most side-hustle income is reported on a Schedule C as part of your regular Form 1040, alongside any wages from a regular job.
Because no one is withholding taxes from your side income, it generally carries self-employment tax — covering Social Security and Medicare — in addition to income tax. That catches a lot of people off guard at filing time, so it helps to plan for it.
The flip side is that you can deduct the ordinary and necessary expenses of running your side hustle, which lowers the income you're taxed on. And if your side income is steady, making quarterly estimated payments keeps you from facing a large bill all at once.
What we do
How we help
- Report your side-hustle income correctly, usually on a Schedule C
- Find and document the business deductions you're entitled to
- Calculate the self-employment tax on your side income
- Combine your side income with W-2 wages on one accurate return
- Set up quarterly estimated payments so you stay ahead of what you owe
- Help you keep simple records that make every future filing easier
FAQ
Frequently asked questions
Why do I owe self-employment tax on a side gig?
Because no employer withheld Social Security and Medicare for you. On self-employment income you pay both portions yourself, on top of regular income tax.
Can I write off expenses from my side hustle?
Generally yes. Ordinary and necessary costs of running it can be deducted, which reduces your taxable income. We help you identify and document what qualifies.
Do I need to make estimated payments?
If you expect to owe roughly a thousand dollars or more from your side hustle, the IRS generally expects quarterly estimated payments. We can set up a schedule so you're not caught short.
Let's sort this out together.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
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