Trying to figure out what I owe in taxes. I use Paypal to retrieve my payments.
Technically you don't need any income documentation in order to file your taxes as an independent contractor. Employers are not required to send out 1099s until the amount reaches $600.
You don't submit the 1099 with your tax forms, like you do the W-2. You just report your total earnings, more than likely using Schedule C so you can report all expenses and deductions against your earnings. You can get your total earnings from Rover from your dashboard page. Just click on Payment history to see all payments made to you.
I contacted PayPal and they do not issue a 1099 unless you have processed $20,000 or 200 payments in income through them. Here is the quote: "You will receive a Form 1099-K from PayPal if you received more than 200 payments and over $20,000.00 USD in a calendar year."
So you will need to report the income on your own. You can get a printout on this site by going to your Dashboard, then getting a Payment History.
Remember - if you purchased the Extra Insurance - that should be a deduction, but of course, check with your tax preparer.
No, it just means that neither Paypal nor Rover is going to provide you with any documentation of earnings. You should consult a tax professional on how to account for this source of income.
Tax documents may not be ready yet - give it a few more days.
They have till Feb 1st to send out any tax documents
The regulatory mail date for 1099 forms was February 16th tihs year.
PayPal says I have no tax documents either. That's actually good to not get 1099'd. Ill just add up the total myself.