What Form Do I Fill Out So That I Know How Much Money I Owe The IRS?

I will be receiving a 1099 form and I have to fill out a W-9 form but what form do I submitt to the IRS so that I know how much I will have to pay them? I am used to filing W-2 forms and sending the IRS a 1040 form. I am just a bit confussed.

Public Comments

1. 1040 Long Form plus Schedules C and SE for the 1099 income.
2. Form 1040 + Schedule C or C-EZ + Schedule SE You'll also need to make quarterly estimated payments using Form 1040-ES. You can download that from the IRS website. Follow the instructions to determine what your estimated tax liability will be and how much you need to pay quarterly.
3. If all of your earnings are reported on a 1099MISC you are considered an independent contractor for the firm or individual paying you. In that case you still use IRS form 1040 however you also attach Schedule C to determine the taxable portion of that income. If all of this is confusing you may wish to contact a tax professional. It is not uncommon that they will find advantages that save you more than there fee
4. 1099-Misc income is income as self employed or independent contractor. How you will treat the 1099-Misc income, read: http://taxipay.blogspot.com/2008/03/w2-or-1099-employee-or-independent.html
5. If it is a 1099-MISC for non-employee compensation less than $400, either Schedule C or Schedule C-EZ. If it is a 1099-MISC for non-employee compensation less than $400, Schedule SE and either Schedule C or Schedule C-EZ. Note that there will be a self-employment tax of 15.3% of .9235 times the net amount after certain deductions. If it is a 1099-INT or 1099-DIV for less than $1500, just include it on the appropriate line (interest or dividends) of your 1040; no additional form is required. If it is a 1099-INT or 1099-DIV for more than $1500, Schedule B.