As an independent contractor, managing your tax obligations is crucial. This article explains the process of receiving your 1099 tax forms from One Legal, ensuring you have the necessary documentation to meet your tax responsibilities efficiently.
Who Receives a 1099 Form?
Eligibility Criteria
Earnings Threshold: If you have earned more than $600 from One Legal in any given tax year, you are eligible to receive a 1099 form. This form is crucial for reporting your income to the IRS.
Type of Business Entity:
Sole Proprietors, Partnerships, and Unincorporated Contractors: These entities will receive 1099 forms as they are required to report this income under their personal tax filings.
S and C Corporations: Typically, these types of corporations do not receive 1099 forms because they are subject to different reporting requirements.
When and How Will You Receive Your 1099 Form?
Distribution Timeline
Mailing Date: 1099 forms are sent out at the end of January each year to ensure you receive them by mid-February, well in advance of the tax filing deadline.
Delivery Method: Depending on your preference set up with One Legal, you may receive your 1099 forms either through mail or electronically. Ensuring your contact information and delivery preferences are up-to-date in the ServeManager system is essential for receiving your documents promptly.
What If You Haven’t Received Your Tax Documents?
Missing Documents
Deadline: If you have not received your 1099 form by February 15th and you meet the eligibility criteria, it’s important to act quickly to ensure you can file your taxes on time.
Requesting a Copy: To request a copy of your 1099 form, please contact us directly at [email protected]. Provide your full name, the email associated with your account, and a brief message stating that you have not received your tax documents.