Paying independent contractors

Hiring/paying an independent contractor

Sign a contract. Often, independent contractors will have their own forms of agreement. Occasionally, you will be the one providing the agreement format. In either case, it's best to have your contra…

Molly Hickok
Updated by Molly Hickok

Tax reporting from payment processors

Any payments made by credit card or third-party payment processor will be reported on 1099-K by the payment processor, not on 1099-MISC by the original payer. The processor is required to file a 1099…