Sooo…you’re not legally required to pay taxes on the money reported on your 1099😬. In fact, 1099 income can actually be used to lower your taxable income👀. Here’s a tax strategy that’s really easy but often overlooked.

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2024-10-19 20:27

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Olamidé (Dé) Ewetusa, CPA
pachirafinancials

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幾秒內	Olamidé (Dé) Ewetusa, CPA pachirafinancials	If you get a 1099, you’re considered a small business owner, even if you don’t have a registered LLC. So if you’re just operating a side hustle, that “little business” is legit according to the IRS. This means you can deduct legitimate business expenses on your taxes.