Any tax pros here who want to give free advice?

VintageBetter

VintageBetter

Senior Member
As a 1099 recipient I got two from the company I work for. One is the 1099-NEC (non-employee compensation). The other is the 1099-K.

Does anyone here know which one I should use for my business income, OR can you direct me to a site that will tell me the legal basis for using the NEC vs. the 1099-K? (not the IRS site please - their publications make me want to cry with their extreme detail).

Second question - have you ever found FREE tax help for Seniors, like from AARP or some other organization, and were they actually helpful? I don't want to make an appointment for free help and then someone is going to condescendingly throw my numbers into software. I have already done that. What I really need is a tax professional who can and will answer this one question and not charge me $200 for the answer.

Thanks.
 

Using claude.ai assistant :

Here's the breakdown of your 1099s and some resources to help:

1. 1099-NEC vs. 1099-K for Business Income:

  • Use the 1099-NEC: This form reports non-employee compensation, which is exactly what your business income from that company is.
  • 1099-K: This form reports payment card and third-party network transactions. While it might include income from your business, it could also encompass other things like personal sales through payment apps.
Resources:

2. Free Tax Help for Seniors:

There are definitely resources available to help you with your taxes, and you can avoid the condescending treatment! Here are a couple of options:

  • AARP Tax-Aide: AARP offers free tax preparation help to low- to moderate-income taxpayers, with a focus on seniors. Their website can help you find a location near you and see if you qualify: Free Tax Preparation from AARP Foundation Tax-Aide
  • IRS Volunteer Income Tax Assistance (VITA): The IRS has a program that connects low-income taxpayers with volunteers who can help them file their taxes. You can find a VITA location near you on the IRS website: [URLVITA program ON IRS (.gov) irs.gov]
Additional Tips:

  • Call before you go: It might be helpful to call the free tax preparation service beforehand and explain your situation. Let them know you just have a quick question about the 1099 forms and see if they can assist you.
  • Consider a Free Online Tax Service: While these services won't offer personalized advice, they can be a good option if your tax situation is relatively simple. Some popular free options include TurboTax Free File and Free File Fillable Forms.
By combining the info from the 1099-NEC with these resources, you should be able to handle your tax situation without a hefty fee.
 
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