I never felt so important in my life.. here I am just thinking I'm a plumber working for some rich folks.. little did I know, I'm my own entity😅 Awesome video this is going to help me with my taxes this year, thank you!

I’ve been paid as a 1099 the last few years, and I’m getting KILLED by taxes. Thanks for explaining in such a straightforward way that, yes, I CAN take deductions!

52 seconds in and I'm already liking what this lady is saying! Waited till the end of the video to post this, Thank you for getting straight to the point!!! and great tips!!!

@KarlaDennis

5 ай бұрын

You are so welcome, thanks for tuning in

I love how you get straight to the point

This is, by far, the shortest tax explanation video I’ve ever watched. And I’ve never learnt so much in such a short time span. You are awesome ❤ and thank you so much for your help. I hope you have a blessed year 😊.

I have been wanting to do 1099 work for a long time, but the fear of taxes keep me from it. I'm 74 and still working full-time. But know this contract will end in another year.. I still have to keep working because I have old medical bills and student loan ... can't retire. I have had other jobs sent to me. There are 1099 jobs that I've turned down because I don't know how to do the taxes. I have to learn this soon so that I can continue to work remote under 1099 and pay off bills so one day I can retire.. I know at 74 or 75 there's no way I can walk in and interview and compete with someone younger for a job. But I know I can continue to work remote and do 1099 work... And hopefully, travel cross cross country while I'm doing it. Thank you for the information. I'm gonna watch your other videos. I have to figure this out soon!

@steeloink

6 ай бұрын

you missing out on claiming all your expenses as an independent contractor. Even if you receiving a W-2, you can offset those extra income against your W-2. You are in a perfect situation. Because you can claim expenses and setup a small office at home and reduce your W-2 Income with your 1099 work.

@wolf-antics

5 ай бұрын

I do taxes for people and work with 1099s. if you need help, reply to me :)

@mikezap1800

3 ай бұрын

Does that mean you can get a refund?

This video made my day ! Appreciate you so much !

The way you talk and the way you explain this was awesome first year business owner and I want to make sure as much of my sweat and sacrifice stays with me every year!

@KarlaDennis

5 ай бұрын

You're so welcome! hopefully you are subscribed, please feel free to ask me Amy questions you have and I will try to answer them in my "Just Ask Karla" videos : )

Beautiful video! Very educational. Thank you so much! 👏💰🗂️💕

Very helpful thank you! New to the 1099 and trying to learn more!

Thank you so much for this video! Very easy to follow and understand. This is my first year filing a 1099 and I was looking for more information. I appreciate it!

Thank you for making things clear and simple for us ✨👑✨

Had to subscribe! Ma'am. You have just put a stamp of approval on a lot of things. This explanation is very clear and makes me smile. Thank you.

This was very educational for me. As a new business owner from both size. I’m also new to doing taxes as well. Knowing what to do and not to do gives me the confidence I need to walk in both. Thank you. 🙏🏼

Thank you for the clarity of your message! very much appreciated.

Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.

Wow!!! Thank you so much for putting this in lamens terms!!! It was totally digestible and easy to understand.

This was a great video, simple and straight to the point!

This is the first video on taxes that i actually understood because all of this is like a different language for me. Thank you so much!❤

Thank God for you Karla! I appreciate you posying this info! new subscriber here

Thank you so much Karla! You gave me so much clarity. Subscribing!

Thank you! This was incredibly helpful.

@KarlaDennis

10 ай бұрын

You're very welcome! Thanks for watching

Thanks. I am new to this.

Thank you so much, your information is very helpful.

@KarlaDennis

Жыл бұрын

Thank you so much for tuning in. Hopefully you can subscribe : )

Thank you for this breakdown. Was recently offered a short contract and this is a first for me.

That was valuable information thanks 🎉❤

This was very well-explained. Thank you !!!

Thank you ma'am! - From a Kitchen Appliance sales guy in California getting paid spiffs (bonuses) direct from manufacturers.

Dear Karla, what a great video. Thanks so much!

@KarlaDennis

Жыл бұрын

THANK YOU SO MUCH !!! I hope you can subscribe

super helpful. thank you mama!

Wow beautifully explained! Thank you so much 😊

@KarlaDennis

10 ай бұрын

Glad it was helpful!

Thank you for this video!

@KarlaDennis

13 күн бұрын

You are so welcome.

Hi, that was very helpful, thank you so much.

@KarlaDennis

Жыл бұрын

You're welcome! Thank you.

Thank you for your info, directions and patience. You make what you say, very clear and leaves no room for question because you're very thorough. Again thank you!!

@KarlaDennis

4 ай бұрын

This is fantastic feedback, I appreciate you taking you time to watch and comment !

Thank you. Very informative..

This is super helpful! Thank you so much!

@KarlaDennis

5 ай бұрын

You're so welcome!

Learned something new and to the point I love it ♥️🙏🏽♥️

@KarlaDennis

10 ай бұрын

Thank you for the feedback : )

Thank you!!!!

Great first step to learn about 1099 and taxes. Thank you

@KarlaDennis

Жыл бұрын

Glad it was helpful! Thanks for the feedback : )

This is BOMB!!! Thank you, Ms. Dennis! New sub!

@KarlaDennis

Ай бұрын

You are so welocme! And thank you so much for subscribing . Let me know if you have any questions

Thank you for explanation!!!

@KarlaDennis

10 ай бұрын

You are welcome!

Thank you so much Karla I already sign in for your webinar for tomorrow, I thought I signed up for today, but I'll wait I guess, I have a 1099 as an independent contractor but I just have one client, but I also do Uber now only once in a while, I have a W-2 job, I guess I'll find out with you if I can use the same bank account for the Uber income. Thank you so much, I feel I'm going to learn a lot. Yes, the IRS is destroying my income.

Well explained! Thank you.

@KarlaDennis

5 ай бұрын

You're welcome!

Thank you so much. This was very helpful.

Thank you so much Karla

@KarlaDennis

Жыл бұрын

You are very welcome : )

Thank you for the gems

You're amazing!

Simply Amazing. Thank You.

@KarlaDennis

8 ай бұрын

Glad you enjoyed it! : )

This video was super helpful! Thank you ! Do you think you can create a video of how to fill out an invoice as an independent contractor?

Karla you should have broken the internet with this video. Thank you for clearly explaning what a 1099 contractor benefits are, and how to get them.

Omg thank you!!!!

@KarlaDennis

Жыл бұрын

You are welcome, thank you for tuning in : )

lucky me, ran into your page! thank you

Thank you❤

Thank you

Thank you very much.

@KarlaDennis

Жыл бұрын

You're welcome Jeremy !

I’m glad I came across this video

how do you document and report the expenses. Like how do you calculate how much of a certain utility was used in a monetary value

very helpful thanks

@KarlaDennis

10 ай бұрын

You're welcome!

Thank you so very much❤

@KarlaDennis

12 күн бұрын

Happy to help. You're very welcome.

Nice and professional person God bless her

Thnks

This video was very helpful. But I have a few questions my wife and I will be newbies to the filing our 1099. I have done our taxes every since we have been together and we went from filing separately to filing jointly when we got married. We will be starting with a company soon that does 1099. I have so many questions but the main question is do I still file our taxes jointly on the 1099? Our income will be coming in as the same amount and we only use one bank for all of our income. Also should we open another bank account for 1099 purposes and if so do we pay ourselves out of that account into our personal account or will that open up another income tax bracket?

Very easy to understand.

@KarlaDennis

4 ай бұрын

Thank you !

Great Video

@KarlaDennis

10 ай бұрын

Glad you enjoyed it

This is the most comprehensible video about 1099 that I’ve watched! Thank you so much! 🙌🏼👏🏼🙏🏽🥰

GOD BLESS YOU

@KarlaDennis

13 күн бұрын

God bless you as well : )

Thank you. Do independent insurance agents receive their 1099 from the insurance company (imo)? Is the equipment and leads that the agent purchases a tax deduction?

Thank you Karla

@KarlaDennis

5 ай бұрын

You are welcome !

Wish I had known this before I started my 1099 gig.

The negative of lowering net profit is social security years!

Great short vid.

@KarlaDennis

Жыл бұрын

Thank you for the feedback !

Thmks

@KarlaDennis

10 ай бұрын

You are welcome

This was great! Now I just need to find a 1099 that’s remote in Illinois that will hire me as I’m working for a remote call center and being written up for going to a doctors appt.! I need to set my own hours! Now I know the backside of it, just got to get the front side😂. Thank you😊😊

@KarlaDennis

2 ай бұрын

Yes! You can do it,Good luck! and You are welcome.

Hello! Tq for the video! I'm a nanny and the family gave me a 1099-NEC and I also have an LLC. Can I consider a nanny service instead of an independent contractor?

Thank you for the great information as a full time 1099 certified nursing assistant, is that considered a business?

Thanks! ^_^

@KarlaDennis

8 ай бұрын

Sure thing!

Can you write off credit cards or debt of even cash advance loans, why or why not,

Any info on non-citizens working Stateside on a 1099 while filing in Canada as well?

I'm listening

What if im a KZreadr and i got sent a 1099 nec, what do i put for Payer and Recipient? Like is the Recipient myself and for the Payer i just write down KZread?

I'm looking for a way to track expenses on something like a spreadsheet. Do you have anything like that? Thanks for great information. I am a new business owner.

Say one's married and files jointly and as of 2023 includes the standard deduction of about 27K. The ind. contractor deductions should certainly surpass this right? And if one is working a side gig business getting a 1099, would one want to consider filing separately? Not sure of the pros and cons.

My wife is a 1099.. Im a full time W-2 employee, we file jointly.. can we claim the 26000 standard deduction and add business expenses also? Turbo tax wants you to choose one or the other? Or would it be beneficial to file separately?

Dear i if don't have an llc can i still deduct my office?

I just started a job that does a 1099 what is the first thing you recommend for someone who has never do anything like this?

Can I include KZread Music and Spotify?

do the utilities have to be under the business name?

How much is the federal tax? I understand the self-employed is 15.3

Can a 1099 NEC employee be paid with cash app? Do I have to specify business payments?

Is there a video on how to do the deductions? Do you deduct the entire thing? Like if your phone Bill is $960 a year, do you deduct the whole $960?

I am about to start work with this company as an independent contractor and I am going to be getting paid weekly how do I go about paying the 15.3 percent of taxes out of that income or do I pay taxes annually or quarterly?

What do I do if I only worked 4/5 mths on the rd last yr? After deductions, would I still qualify for the EIC?

Im looking to open a business card Any recommendations for a dasher/ Uber? To keep my expenses seprately

Am I Allowed to say “I LOVE YOU” I have just been unveiled. Is acquiring a “Business License” dependent on the state you live in?

Hi Karla...I was recently offered a 1099 contract that will be approximately a 5 year contract and this would be my first 1099 job..here are my questions: 1) Do I need to create an LLC? If so, how do I go about it? 2) How do I take out taxes out of my paycheck? 3) if my husband should be offered a 1099 contract can he and I use the same LLC?

@Star_Shonda

Жыл бұрын

I have the same questions did you find any answers yet?

@steeloink

6 ай бұрын

you should open an LLC as an independent contractor so you can put all your deductions under that entity. You can even use your own name "FIORENTTI LLC" and be paid there and claim all your expenses against it to lower your income

OMG she’s one of my favorite ladies. 🤙🏾 #steadylearning

@KarlaDennis

5 ай бұрын

HAHA love it, thank you so much

As a figure model for the art school i model for im considered a 1099 independent contractor. Guess I'll have to classify myself as a business owner.

@KarlaDennis

Жыл бұрын

Yes, there is lots of write-offs available to you.: )

@USNAV

3 ай бұрын

Ive been a handyman for the past 2 years and you mean to tell me i could have charged mileage and my home utilities all this time? I dont have a registered business name or an llc or dba or anything like that. Am i able to report tax deductions?

Now do you need receipts for usage of those deductioms or can some be put in without receipts?

@steeloink

6 ай бұрын

receipts is good to have in case of an audit.

So I need to save 20% and receipts? Sorry Iam knew at this

Can you use tax deductions let’s say groceries and purchases like small stuff or share payment rent, electric, and gas?

@steeloink

6 ай бұрын

as long as it's used for your business. Which you are doing it... right?