Check Your Knowledge
Question 1 of 1
Tim works as an independent contractor for ABC Construction Company. The company sent Tim a Form 1099-MISC that shows he received $15,000 for the work he did for them. He also received cash payments of $4,000 from several different individuals for the work he completed. He did not receive Forms 1099-MISC for the $4,000.
Tim must include the $4,000 cash payments as self-employment income along with the $15,000 on Form 1099-MISC