Just because you don't get
Just because you don't get a 1099 doesn't necessarily mean you don't own tax. In this video I'll tell you who get's a 1099, and what the implications are for your taxes.
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Thanks for great content, very much appreciated
So resourceful! Thank you :)
You can have over 200 transactions and not $20,000 and you would not get a 1099K. But you def want to put aside taxes.
After watching your videos, I contacted my taxation department and come to find out, I was paying into sales and use tax, but I am a remote seller that sells through the marketplace and they collect the sales and use tax on my behalf. So I have opted out and changing my status over non reporting bases. But I've paid over $200.00. Can I get that back?
You just got your year-end
You just got your year-end 1099-NEC (formerly a 1099-MISC), now what do you do? I am sure you are wondering what is a 1099-NEC first of all and where did the 1099-MISC go. Don't worry I am going to cover all of that as well as what you need to do with your 1099-NEC and who needs to be issued a 1099-NEC.
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*Disclaimer this information should be used for educational purposes. You should always consult your own CPA and financial advisors for what works best in your specific situation.
I appreciate this video, Bree Beers and Assc.
Seriously, I cannot get a damn straight answer on where the hell do I put this 1099 NEC as somebody who did a little sales work for a company as a non-employee.
Guess I'm going to file a Schedule C, even though I am not a business owner. I work temporary gigs, doing sales for commission.
Can't figure out any other way to do this. This whole thing is a bunch of bs.
I have received a 1099-NEC but turbo tax does not have a section for it. Do I enter the income under the1099-misc section?
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this is such an underrated video!!! thank you for the awesome information! I am NOT ready for TAX SZN LOL
So I sell shoes, Example I buy a pair of shoes for $40 sell them for $80, after fees and shipping I got $20 profit. Where do I factor in the fact that I paid $40 the shoes and I only made $20 profit? Is that where the cost of goods comes in? I would put the $40 I paid in there?
Does Target accept your reseller cert? Mine is processing so trying to list places I’m going to source first. Do you have a personal list of places that accept the exempt? Thanks in advance!
I am not an fba seller on amazon but I am a mf seller, do I still need to do this ? I’ve only sold about 30 items last year
2.26 he talks about where to run a tax report. Not really covered in this video but this little button will get you started. Great video.