Response to: ‘When does Upwork send 1099?’

Introduction to 1099 – Understanding Your Needs

As a freelancer on Upwork, it is important to understand your tax obligations. A common form freelancers have to grapple with is the 1099 form. So, your question regarding when Upwork sends out 1099’s is a very common and significant one.

Upwork and 1099 – The Specifics

Upwork does not provide 1099 forms. This is because Upwork is an online platform that allows freelancers to find and connect with clients. Thus, they do not function as a traditional employer and, as such, don’t furnish the usual 1099 forms.

So, what does Upwork provide?

• Upwork provides an earnings report that outlines your yearly totals.
• This is available for download on the Reports section of Upwork.
• It contains all the information necessary to report your income to the IRS.

Maintaining Your Financial Records

Even without a 1099 form, it’s essential to keep accurate financial records. Ensure that all the transactions conducted via Upwork, or any other freelancing platform, are correctly tracked. This involves maintaining a clear record of your income and business-related expenses.
Get acquainted with tax laws and consider hiring a professional to guide you through your obligations. Remember, each freelancer’s case is different, and the rules and regulations can vary based on numerous factors.
Should any complications or further queries arise, consider reaching out directly to Upwork’s customer service or a tax professional.