<prompt> Human: Ive been working a job since summer of last year thats been under-the-table. Our employer is now requesting information for a 1099 form, and I was wondering how exactly this will affect me. The attitude toward it is generally negative and Im not really in-the-know. Any help is appreciated.  <response>: You have to pay taxes on the income. Generally assume anywhere from 30 to 40 percent for self employment. 