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Should I worry about a 1099 | Incite Tax

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Manage episode 357684195 series 2937877
Content provided by John Briggs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Briggs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Should I worry about a 1099?
No…and yes.
You should be less worried about 1099 and be more worried about making sure you're tracking the income you make.
We will reach out to clients and say, “ Hey, we're ready to file your taxes.”
And the response is, “I need to wait until I get my 1099, because I don't know how much money I made.”
That is a level of irresponsibility that you don't want to have.
You don't want to rely on the 1099 to know how much money you make.
Keep track of payments and income received.
We call it in our accounting space a profit and loss statement.
Need help with your taxes? Click below!
Remember, profit is a choice. Have the courage and wisdom to choose it.

John Briggs | Tax Genius
info@incitetax.com
801-999-8295
Visit our website @ Incite Tax

Schedule A Call
IRS Sucks T-shirts now for sale @ Incite Shop

Follow us on…
Facebook
LinkedIn
Instagram
Twitter
YouTube

  continue reading

80 episodes

Artwork
iconShare
 
Manage episode 357684195 series 2937877
Content provided by John Briggs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Briggs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Should I worry about a 1099?
No…and yes.
You should be less worried about 1099 and be more worried about making sure you're tracking the income you make.
We will reach out to clients and say, “ Hey, we're ready to file your taxes.”
And the response is, “I need to wait until I get my 1099, because I don't know how much money I made.”
That is a level of irresponsibility that you don't want to have.
You don't want to rely on the 1099 to know how much money you make.
Keep track of payments and income received.
We call it in our accounting space a profit and loss statement.
Need help with your taxes? Click below!
Remember, profit is a choice. Have the courage and wisdom to choose it.

John Briggs | Tax Genius
info@incitetax.com
801-999-8295
Visit our website @ Incite Tax

Schedule A Call
IRS Sucks T-shirts now for sale @ Incite Shop

Follow us on…
Facebook
LinkedIn
Instagram
Twitter
YouTube

  continue reading

80 episodes

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