Amazon recently announced a new version of its popular Amazon Flex program, which allows people with a car and an Amazon Prime membership to make money driving packages from Amazon fulfillment centers to customers. If you participated in the program, you should have received your taxes online.
But what if you didn’t? How do you get your 1099 from Amazon Flex? Instead of giving a summary of their expenses for the year, as we’ve discussed previously, it’s much easier for most companies to give you a 1099 that breaks things down on its own.
However, if you participate in Amazon Flex or another similar program, you may not receive that form from them. Fortunately, there are other ways to get your 1099. In this article, we’ll go over some common scenarios from the year and how to access your 1099 if you need it.
Amazon Flex Payments and Taxes
Amazon Flex drivers are independent contractors. That means that they are responsible for paying their own taxes. You’ll have to pay taxes on your Amazon Flex earnings as you earn it throughout the year in the same way that you normally would. You won’t be able to deduct your expenses until you file your taxes. At that point, you’ll be able to deduct your car maintenance, gas, and phone bill.
There are a few other deductions available to you as an Amazon Flex driver as well. You’ll need to report your Amazon Flex payments on line 21 of your 1040 tax form as miscellaneous income. You’ll also need to show your Amazon Flex earnings on line 3 of form 1040.
How Do You Get 1099 from Amazon Flex?
As we mentioned previously, if you participated in Amazon Flex, you probably got a 1099 from them.
If you didn’t receive one, you may want to look into getting one from them. Amazon can’t just give you a 1099 form for no reason. If you didn’t receive one, it’s very likely that you’re supposed to report your earnings or save them for next year’s taxes. If you didn’t get a 1099 and you’re expecting one, you can still request one from Amazon. You can also request a 1099 from your accountant or tax prep firm.
Other Ways to get Amazon Flex Taxes Form
If you participated in Amazon Flex and received payments, you should have received a 1099-Misc form from Amazon. However, if you didn’t receive one, you can call them and request one. You can get a copy of your W-2 from your employer as well. The same goes for 1099-INT or 1099-DIV from your banks.
You can ask Amazon for your 1099
If you participate in Amazon Flex, or have participated in a similar program, you can request a copy of your 1099 from Amazon. You can request a 1099 form from Amazon Tax Reporting by logging into your account and selecting “View your 1099.” You can also call Amazon’s Tax Reporting team.
You can request it from your accountant or tax prep firm
If you’re expecting a 1099 from Amazon but it hasn’t shown up in your mailbox, ask your accountant or tax prep firm for a copy.
How to file your Amazon Flex taxes
As an Amazon Flex driver, you are an independent contractor, which means you are responsible for your own taxes. When it comes time to file your taxes, you will need to file a Schedule C, which is a form for businesses. On this form, you will list your income and expenses.
Your income will be the total amount that you were paid by Amazon Flex. This includes any tips that you may have received.
Your expenses will include things like the cost of gas, car maintenance, and your phone bill. You will also be able to deduct any business expenses, like a office space or a printer.
You will need to keep track of your income and expenses throughout the year so that you can accurately file your taxes. You can use a spreadsheet or a software like QuickBooks to help you track everything.
When it comes time to file your taxes, you will need to send in your Schedule C, along with your 1040 form. You may also need to send in other forms, like a Schedule E if you have rental income.
To file your Amazon Flex taxes, you will need to fill out a 1099-K form and a W-9 form. The 1099-K form will be used to report your income to the IRS, and the W-9 form will be used to provide your Social Security number or Taxpayer Identification Number.
If you have any questions about filing your taxes as an Amazon Flex driver, you should speak to a tax professional. They will be able to help you make sure that you are doing.
FAQs
Which Expenses Are Deductible For Amazon Flex Drivers?
You can deduct your car maintenance. You can deduct your car insurance if you have a car for work-related purposes. You can deduct the interest on any car loan you have if you use it for work-related purposes. You can deduct the gas you use for work-related purposes. You can deduct the fees on your phone plan for work-related purposes. That’s not an exhaustive list, but it’s a good place to start.
You received an incorrect or blank form from Amazon.
If you received an incorrect or blank form from Amazon, you should call Amazon and request a correct form. If you participated in Amazon Flex, you should have received a 1099 form from Amazon. However, if you didn’t receive a 1099, you can request a copy of your 1099 by logging in to your account and selecting “View your 1099” or calling Amazon Tax Reporting. If you expected a 1099 and received an incorrect form, you should call Amazon and request a correct form.
Do You Have To Pay Taxes On All Amazon Flex Income?
If you are an independent contractor, you can deduct business expenses from your taxes. This includes things like gas, car maintenance, and phone expenses. You will need to keep track of your expenses in order to deduct them from your taxes.
Conclusion
Amazon Flex is a great way to make money, especially if you already have a car and can make deliveries during off-peak times.
If you are an Amazon seller, you should be aware that you may receive a 1099 form from the company. This form is used to report income that is not subject to self-employment tax. If you do not receive a 1099 form from Amazon, you may still be required to pay self-employment tax on your earnings.
