Business Income Resoures and Job Aids from Publication 4012

Business income information may come from the following:

Forms 1099-MISC, Miscellaneous Income, Box 3, Nonemployee Compensation
Forms W-2, Wage and Tax Statement with Statutory Employee checked in box 13
Form 1099-K Payment Card and Third Party Network Transactions
Forms 1099-NEC, Nonemployee Compensation

Form 1099-NEC includes income from “Gig Work,” which covers certain activities where people earn income providing on-demand work, services, or goods. Often, it’s through a digital platform like an app or website, such as:

Drive a car for booked rides or deliveries
Rent out property or part of it
Run errands or complete tasks
Sell goods online
Rent equipment
Provide creative or professional services
Provide other temporary, on-demand, or free-lance work

This list does not include all types of gig work. Click here for more information on the gig economy.

The following job aids from Publication 4012 will help you determine and report the taxpayer's income:

How and Where to Enter Income
Schedule C

Income — Business Workout

Workout Resources

Business Income Resoures and Job Aids from Publication 4012