How to 1099 a Contractor - Episode 436




Investing in Real Estate with Clayton Morris | Build Financial Independence show

Summary: <p>Part of being a successful real estate investor is doing your due diligence year-round in order to make tax time easier. Most likely, your business will have employed multiple contractors throughout the year. The IRS requires that you 1099 any person or business that you've paid more than $600.</p> <p> </p> <p>On today’s episode of Investing in Real Estate, we're sharing all the details on sending 1099s to independent contractors. You'll learn the tax implications for your business, how to be prepared and organized, and more! Let’s get ready for tax season on this episode!</p> <p> </p> <p>This episode of Investing in Real Estate is sponsored by <a href="http://morrisinvest.com/funding" target="_blank" rel="noopener">Fund&amp;Grow</a>. Fund&amp;Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit <a href="http://morrisinvest.com/funding" target="_blank" rel="noopener">morrisinvest.com/funding</a>. </p> <p> </p> <p>Book a call with our team: <a href="https://goo.gl/qr6iat" target="_blank" rel="noopener">https://goo.gl/qr6iat</a>  Show notes: <a href="http://morrisinvest.com/episode436">http://morrisinvest.com/episode436</a></p> <p> </p>