How to Handle 1099s Without Losing Your Mind
Manage episode 474756112 series 3594635
1099s don’t have to be a tax season nightmare—but only if you know who actually needs one and how to file them correctly. The last thing you want is to miss a deadline, overpay taxes, or accidentally trigger an audit.
In this episode, we’re breaking down:
✔️ Who really needs a 1099 (and who doesn’t)
✔️ The difference between a 1099-NEC and a 1099-MISC
✔️ Common mistakes that lead to IRS penalties
✔️ What payment methods do and don’t require a 1099
✔️ How to stay organized so you’re not scrambling in January
To make things even easier, I’m giving you a free 1099 decision tree—no strings attached! This tool will help you confidently determine who needs a 1099 every tax season.
🎧 Hit play now and get ahead of your 1099 filings before tax time sneaks up on you!
Resources & Links
Website: https://www.firestormfinance.com/
Instagram: https://www.instagram.com/firestormfinance/
Threads: https://www.threads.net/@firestormfinance?hl=en
LinkedIn: https://www.linkedin.com/in/samantha-e-8796b6176/
Newsletter: https://firestormfinance.myflodesk.com/podcastnewsletter
1099 Decision Tree: https://www.canva.com/design/DAGdgjX_nR0/ymLV35UTG6TJfDrHQyTZgw/view?utm_content=DAGdgjX_nR0&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=hf2b858c341
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48 episodes