Check out my article, “1099 Rules for Business Owners in 2024”: https://markjkohler.com/1099-rules-for-business-owners-in-2023/
Being a Tax Advisor is a lucrative opportunity…Learn more here : https://markjkohler.com/become-a-certified-tax-advisor/
Ebook & Newsletter: https://markjkohler.com/youtube/
Call the MJK Team: (520) 800-0986
KKOS Lawyers (My Law firm): https://kkoslawyers.com/contact-us/
Directed IRA (My Trust Company): https://directedira.com/appointment/
My Certification and Membership: https://markjkohler.com/become-a-certified-tax-advisor/
Podcast: https://mainstreetbusinesspodcast.com/
Main Street Business Services: https://mainstreetbusiness.com/
Facebook: https://www.facebook.com/markkohler/
Instagram: https://www.instagram.com/markjkohler/?hl=en
Threads: https://www.threads.net/@markjkohler
X: https://twitter.com/markkohler
TikTok: https://www.tiktok.com/@markjkohler?lang=en
LinkedIn: https://www.linkedin.com/in/markjkohler
YouTube: https://www.youtube.com/markjkohler/featured
LinkTree: https://linktr.ee/MJKYoutube
If you liked the video, please give it a “Thumbs up!” and please subscribe to see more!
00:00 – Introduction and Importance of Tax Planning
00:17 – Mindset Shift for Tax Planning
03:57 – Understanding the Role of 1099
04:01 – Importance of Claiming All Income
06:27 – Reporting and Tracking Business Expenses
09:50 – Common Business Write-Offs
21:28 – Using Separate Account for Business Transactions
24:18 – Importance of Getting Kids Involved in Business
27:21 – Tax Efficient Wealth Building
31:25 – Closing Remarks
#1099 #contractor #writeoff #Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw
source