June --
My question is for a friend who is in construction.
My friend earned wages as a sole proprietor. Now the fellow he worked for says he's not a company or corporation and will not be furnishing him with a 1099-MISC. How does he report his wages?
Rheta from Hickory, NC
OK Indies: What's wrong with this picture? Right you are. A sole proprietor does not receive wages. Only employees receive wages.
The friend in construction is self-employed and whether he receives a 1099 or not his income is self-employment income.
Check out my book Self-employed Tax Solutions. It will simplify your tax and financial life, and save you money!
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