1099 Tax Benefits Explained
January 27, 2021
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7:00Now Playing1099 Tax Benefits Explained
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As a 1099 contractor, you are a BUSINESS OWNER.
Therefore, you have much more tax codes to leverage than a W-2 employee.
As a contractor you need to make sure that you are providing proof of purchase and something that shows that it is/was being used for business purposes.
That may be a lot of work, but by doing this you are able to write-off business expenses up to 100%!
(This next year business meals will be 100% deductible, save your receipts!)
For more tax tips check out my channel and follow me on social media @karltondennisbackupaccount
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
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