First 1099
“I made very little money from my gig economy side hustle last year, is there a minimum income threshold before I have to report a 1099?”
Gig economy income is often reported based on the nature of the payments, the payer’s reporting practices, and whether the activity was run as a business or a hobby. In many cases, a 1099 may not be issued for very small amounts, but the absence of a form does not always mean the income is outside reporting expectations. The details that tend to matter include how the side hustle was paid, whether any platform issued tax documents, and whether there were related expenses or records that support the activity. Going through your records with a CPA usually surfaces the answer in under an hour.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I got my first 1099 and I'm completely lost, can you walk me through it?”
“I just left my W-2 job to go independent, how do my taxes change?”
“I just got a 1099-K from Venmo for selling my old personal clothes at a loss, do I actually have to pay taxes on this money?”
“I worked as an independent contractor for three months and never saved for taxes, what are my immediate payment plan options with the IRS?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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