12 min

Ep. 19 Do I Need A 1099? The Virtual Assistant Contractor's Quick Guide To Income Reporting In 2024 Next Level Virtual Assistant Conversations

    • Careers

In this quick episode we’ll go through the updated tax strategies we’ve learned surrounding income reporting as a contractor.



If tax convos aren’t your thing, this is the episode for you because we’ll keep it clean and simple with informative links here in the show notes to help you quickly and easily understand if you’re required to complete a 1099 with your clients as a contractor.



Episode Transcript



Resources mentioned:




Investopedia - 10 Things About 1099s - https://www.investopedia.com/financial-edge/0110/10-things-you-should-know-about-1099s.aspx#:~:text=The%201099%20form%20is%20used,income%20during%20the%20tax%20year.
IRS.gov - What is Taxable and Nontaxable Income? - https://www.irs.gov/businesses/small-businesses-self-employed/what-is-taxable-and-nontaxable-income
Turbotax - What Is an IRS 1099 Form? - https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-an-irs-1099-form/L3NxSPMUe



Ep. 9 - Make Tax Season Super Simple with This Monthly Process


Apple Podcast: https://podcasts.apple.com/us/podcast/next-level-virtual-assistant-conversations/id1714461908?i=1000639059498
Spotify: https://open.spotify.com/episode/76iSVv6VJ9Vv7QfNODijWa?si=d-vDGHitTauVq5c37vwqjg

Learn more about the Next Level VA program
Get connected with one of our VAs, email us at yourvalab@gmail.com

Join the conversation in the Next Level VA Community group on Facebook HERE!

We'd love to hear what you think! Please leave us a review to let us know what landed for you!

In this quick episode we’ll go through the updated tax strategies we’ve learned surrounding income reporting as a contractor.



If tax convos aren’t your thing, this is the episode for you because we’ll keep it clean and simple with informative links here in the show notes to help you quickly and easily understand if you’re required to complete a 1099 with your clients as a contractor.



Episode Transcript



Resources mentioned:




Investopedia - 10 Things About 1099s - https://www.investopedia.com/financial-edge/0110/10-things-you-should-know-about-1099s.aspx#:~:text=The%201099%20form%20is%20used,income%20during%20the%20tax%20year.
IRS.gov - What is Taxable and Nontaxable Income? - https://www.irs.gov/businesses/small-businesses-self-employed/what-is-taxable-and-nontaxable-income
Turbotax - What Is an IRS 1099 Form? - https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-an-irs-1099-form/L3NxSPMUe



Ep. 9 - Make Tax Season Super Simple with This Monthly Process


Apple Podcast: https://podcasts.apple.com/us/podcast/next-level-virtual-assistant-conversations/id1714461908?i=1000639059498
Spotify: https://open.spotify.com/episode/76iSVv6VJ9Vv7QfNODijWa?si=d-vDGHitTauVq5c37vwqjg

Learn more about the Next Level VA program
Get connected with one of our VAs, email us at yourvalab@gmail.com

Join the conversation in the Next Level VA Community group on Facebook HERE!

We'd love to hear what you think! Please leave us a review to let us know what landed for you!

12 min