Question 1

What information is on my 1099-MISC tax form?

Accepted Answer

Unfortunately, Wonolo can’t provide you with tax advice. If you need reliable guidance you will need to consult an accountant or other appropriate professional.

A 1099-MISC form is used for reporting certain types of income to the IRS - including independent contractor earnings. As specified by IRS regulations, for each tax year, you will only receive a 1099-MISC form from Wonolo if you earned at least $600 for work you accepted through the Wonolo platform.

Where are my earnings reported on the form?
The most relevant box for you and your taxes is Box 7: Nonemployee compensation. On your 1099, this is what it will look like:

What do I do with the information on my 1099-MISC?
Again - if you need tax advice, you’ll need to consult an accountant or other appropriate professional - everyone’s situation is different and, in any case, we’re not tax professionals.
With the above warning in mind, many contractors input the amount earned (as reported in Box 7 on your 1099) on the Schedule C. Schedule C is used to determine the contractor’s profit or loss. It's also where contractors can claim any tax deductions (like the Standard Mileage Rate, health insurance premiums, business supplies, etc).
After that, many contractors take the amount in personal business profit determined on Schedule C and plug it into a Schedule SE. The Schedule SE helps calculate the percentage owed in self-employment tax. That percentage, in turn, can be added to the contractor’s 1040 form (the form most people fill out to report income).
 
Again - you should not rely on any part of the above for tax advice.
Do I send my 1099 to the IRS?
If you need tax advice, you’ll need to consult an accountant or other appropriate professional - everyone’s situation is different and, in any case, we’re not tax professionals.  Generally, contractors keep a copy of their 1099 and  report their taxable income to the IRS income using Schedule C, Schedule SE and 1040.
 
The Internal Revenue Service has also launched a Gig Economy Tax Center on IRS.gov.

Question 2

Should I receive a 1099-MISC tax form?

Accepted Answer

If required, Wonolo will send you your 1099-MISC form by January 31st of each year. As a Wonoloer, you are an independent contractor and are responsible for filing your own taxes. While we facilitate the process, Wonolo is unable to provide you with any tax advice.

As specified by IRS regulations, for each tax year, you will only receive a 1099-MISC form from Wonolo if you earned at least $600 for work you accepted through the Wonolo platform.

For the 2019 tax year, we have already sent out the 1099-MISC tax form to an address on your Wonolo account. To ensure you receive your tax forms from Wonolo on-time each year, please make sure you have provided us with your full legal name and correct Social Security Number (SSN) when completing your account in the app. If you have questions about the information you previously provided, please reach out to our team.

Please do not contact Requestors in order to obtain tax forms related to Wonolo jobs.

Question 3

Where do I find the best resources for tax information as an independent worker?

Accepted Answer

Unfortunately, Wonolo can’t provide you with tax advice as everyone’s situation is different and, in any case, we’re not tax professionals.  If you need reliable guidance you will need to consult an accountant or other appropriate professional.

Nonetheless, the Internal Revenue Services (IRS) has recognized how the gig economy is flourishing. Their Gig Economy Tax Center is a great starting point that might help you learn more about how to manage taxes as an independent contractor.

Please note that all the information provided at that link is from the IRS’s website, and Wonolo cannot vouch that the information is accurate, complete, or up-to-date.

Question 4

Can I change the address that my 1099-MISC tax form is delivered to?

Accepted Answer

If you’ve changed addresses since you started on Wonolo, make sure to update your address in the app. You’ll need to do this on or before January 20, 2021 to receive your 2020 1099-MISC tax form at your new address.

Question 5

How do I correct my 1099-MISC form?

Accepted Answer

If you spot an error on the 1099-MISC form delivered to you, please reach out to our Support team as soon as possible.

If your name, email, address, SSN is incorrect, you can correct that information via the app or you may reach out to us so we can make the changes after we verify your account.  To verify your account, you'll need to send 3 details that match the ones currently on your account.

These details may be any of the following:
Email address
Phone number
ZIP code
Last 4 digits of SSN
Last 4 digits of the payment card used
Physical address
Date of birth

Question 6

Am I an independent contractor?

Accepted Answer

As a Wonoloer, you are an independent contractor for all jobs you choose to accept via the Wonolo mobile app.

There is no employment contract whatsoever with Wonolo nor the Requestors you will or have worked with. While we can't provide any legal advice, independent contractors generally are not eligible for unemployment benefits.

1099 Tax Information

What information is on my 1099-MISC tax form?

Should I receive a 1099-MISC tax form?

Where do I find the best resources for tax information as an independent worker?

Can I change the address that my 1099-MISC tax form is delivered to?

How do I correct my 1099-MISC form?

Am I an independent contractor?

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