1099 Tax Benefits Explained

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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As a 1099 Contractor you are a BUSINESS OWNER.

Therefore, you have much more tax codes to leverage than a W-2 employee.

As a contractor you need to make sure that you are providing proof of purchase and something that shows that it is/was being used for business purposes.

That may be a lot of work, but by doing this you are able to write-off business expenses up to 100%!
(This next year business meals will be 100% deductible, save your receipts!)

For more tax tips check out my channel and follow me on social media @karltondennis



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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.