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Here’s a tax tip, if you are your own boss.
FOX’s Ginny Kosola has today’s FOX News Radio Tax Tip:
Are you an absolute contractor?
I’m Ginny Kosola with your FOX News Radio Tax Tip.
If you’re an employee, you accept a W2. If you’re an absolute contractor, you accept a 1099.
CPA Fred Slater of MS 1040 says if you’re an employer, you charge to ask these questions:
(Slater) “On a astute level, am I authoritative what you do? Am I authoritative how you do it? And do I accept a say in back you do it?”
His colleague, CPA Ellen Minkow says accepting a 1099 agency you can booty business deductions:
(Minkow) “If you’re cocky active of advance you get 1099’s, but you accept all these added deductions to go adjoin the 1099 and it’s your best absorption to do that.”
If you are an absolute contractor, you are cocky employed.
For added Tax Tips chase FOX News Radio on Facebook.
Ginny Kosola, FOX News.
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