Can I 1099 a Contractor?

Beginners
Part of being a successful real estate investor is doing your due diligence year-round in order to make tax time easier. Most likely, your business will have employed multiple contractors throughout the year. The IRS requires that you 1099 any person or business that you’ve paid more than $600.

In this video, we’re sharing all the details on sending 1099s to independent contractors. You’ll learn the tax implications for your business, how to be prepared and organized, and more!

Wealthability: http://wealthability.com

Natali’s blog post: http://bit.ly/2NivgZw

Capital One Venture (Personal): https://capital.one/2TmC3GT

Capital One Spark (Business): https://capital.one/2GMjGVX

Download our FREE Freedom Cheat Sheet here ➜
https://morrisinvest.com/freedom-youtube

Read Our Best Selling Book “How to Pay Off Your Mortgage in 5 Years” ➜ https://amzn.to/2CcSxIB

Ready to buy your first rental property? Book a 30 Minute call with our team ➜
https://morrisinvest.com/youtube

Subscribe to this channel for more great tips ➜ http://bit.ly/2IVHcOH

Want Funding For Your Real Estate? ➜ https://morrisinvest.com/funding

Love podcasts? ? Listen to our Investing in Real Estate Podcast ➜
Apple Podcasts: https://apple.co/2EQbLm2
Website: https://morrisinvest.com/youtube

?
Follow me on social media!
Twitter: http://www.twitter.com/claytonmorris
Facebook: https://www.facebook.com/MorrisInvest
Instagram: https://www.instagram.com/claytonmorris

Need help setting up your Self Directed IRA? We use Sense Financial. Click here: http://bit.ly/2yj3mpU Tell them Morris Invest sent you.

Want to Get Started With Real Estate Investing? Watch our Getting Started Playlist:
http://bit.ly/2IXYU48
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Products You May Like

Articles You May Like

Buying a home is ‘a way to increase your net worth over time,’ top-ranked advisor says
Inflation is down — but the middle class is still feeling financial pressure. Here’s why
Pending home sales took an unexpected leap higher last month, but rates have climbed back up
Amazon may be primed to add space near its NYC headquarters as more workers return to office
Calif. city of billionaires is going broke — why town’s housing market is on the edge

Leave a Reply

Your email address will not be published. Required fields are marked *