Guest Writer: Megan Gerhart, CPA The 1099-Misc You must file a 1099-MISC if you pay a contractor $600 or more in the prior year. Because you need information to fill out the form, the best way to start is to have all contractors and vendors supply a W-9. You do not need to complete a 1099-MISC…
Whether you are an exercise influencer, like our friend here or you are a brilliant tax guy or make up and fashion influencer. The rules are changing for you. The biggest issue is, as most of us know, many of these “opinions” are paid ads by the company the influencer is pushing. Are they all,…
We’re not tax professionals and we strongly recommend seeking the advice of a tax professional if you have any of these red flags. We have garnered this info from reputable tax professionals like Kiplinger Personal Finance. 1. Making too much money Yes, making too much money can get you audited. First, it is literally based…
We are not tax professionals and we strongly recommend that you double check with a tax professional as to whether you qualify for any of these tips & ideas. The “Hobby Loss Rule” – You can deduct hobby expenses up to the amount of your hobby income. Expenses that are more than the income you…
