11/03/2026
💡 Tax tip for 1099 contractors 💡
Do clients pay you through Venmo, Cash App, or PayPal? Watch out for Form 1099-K.
Those apps may report to the IRS the gross total of what you received, including payments that were not for work.
Use one account only for your work and a separate one for personal money. When a relative sends you money, mark it as personal and note what it was for.
Keep a record of every payment: date, client, and what job it was for. That is how you prove which part was income and which was not.
Do you get paid through apps and need help keeping it straight? At Casco Global we will help you organize it before tax season.
Call us: 224-394-4392
Text only: 224-243-3464
Visit us: 306 North Genesee Street, Waukegan, Illinois 60085