1099 Archives - Incite Tax

Jan 12

The 3 Biggest Mistakes That Lead to IRS 1099 Penalties

By Incite Team Blog No Comments

You’re working 60-hour weeks, trying to build something great, dreaming of more family time, and fighting for the financial freedom you started your business for. Then, out of nowhere, a letter from the IRS lands on your desk. Your heart sinks. It’s not an audit (phew) but it is worse in its own way: a 1099 late filing penalty. Maybe you missed a form, got…

Dec 29

Love0

1040 vs 1099 What You Need to Know

By Incite Team Blog No Comments

Tax season is coming soon, and for business owners, that means the IRS is getting ready to judge your math. Mix up the wrong forms, report income inconsistently, or misunderstand what applies to you, and you’re basically inviting unnecessary scrutiny. It’s one of the fastest ways to create problems and even get an audit. This is where understanding the difference between a 1040 and a…

Mar 10

Love26

Independent Contractor 1099: How to File

By Incite Team Tax Strategy, Taxes No Comments

For independent contractor 1099 filers, tax season brings its own set of challenges.If you’ve recently made the leap to self-employment or you’ve been at it for a while, filing your taxes can feel like playing a game where the IRS makes up the rules. The good news is that filing as an independent contractor doesn’t have to be hard. If you keep things organized and…

Oct 21

Love0

How to Save on Taxes

By Walter Briggs Accounting, Business, Tax Strategy No Comments

Every business owner wants to know how to save on taxes. They are the bane of our existence. For better or for worse, taxes have to be paid to keep your business going. Our job is to make sure you don’t overpay the IRS. As you’ll see in an example later on, they are takers, and you won’t get that money back. A big problem…

Oct 04

Love1

1099 vs W2… Determining Coach Classification

By Incite Team Profit First No Comments

Coaching Classification can be a real head ache. 1099 VS W2... which is a better classification for your coaches? Today, I am going to share a tip on a topic that I am becoming somewhat known for. When it comes to classifying your coaches it is not at all a black and white subject. It is very important to me to help you, as…

Aug 11

Love0

How do you Choose? 1099 or W-2?

By Ryan Vaughn Business, Payroll, Tax Strategy No Comments

How will you ever choose, 1099 or W2? The IRS created a 20-point checklist that a business owner can use to determine if the new hire is an employee or a contractor. Just because one says he’s an employee or one says she’s a contractor doesn’t make the determination. The whole list has to be considered. Please also note that if you want the new…

1099

The 3 Biggest Mistakes That Lead to IRS 1099 Penalties

1040 vs 1099 What You Need to Know

Independent Contractor 1099: How to File

How to Save on Taxes

1099 vs W2… Determining Coach Classification

How do you Choose? 1099 or W-2?

Recent Posts

Contact at a Glance

Our Latest Posts

CONTACT A TAX GENIUS