How do I pay taxes as a 1099 employee?

Answer: Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more. You may need to make estimated tax payments.

Read more

And another question, do you have to claim 1099 income less than $600?

Independent contractors must report all income as taxable, even if it is less than $600. Even if the client does not issue a Form 1099-MISC, the income, whatever the amount, is still reportable by the taxpayer. Is it illegal to pay an employee as a 1099? The only problem is that it is often illegal. There is no such thing as a "1099 employee." The "1099" part of the name refers to the fact that independent contractors receive a form 1099 at the end of the year, which reports to the IRS how much money was paid to the contractor.

Can you pay a 1099 employee hourly?

You define the work hours: Generally, independent contractors do the job as they see fit. They set their own hours and work how and when they want. And they should be paid by the project -- never on an hourly basis. And another question, how long can you 1099 an employee? While duration is only one factor among many that determines whether a worker is a contractor or an employee, six months is usually recommended as a safe duration and one-year should usually be considered an outside limit, assuming that the other independent contractor criteria are met.

Keeping this in consideration, does facebook report sales to irs?

Short answer: yes. Selling anything for a profit results in income, which is taxable, even if it was a personal item. Be sure you report it!