#18: 1099 Trouble: Are You at Risk?
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3 Common Mistakes When Issuing 1099 Forms
Episode 17: Hiring Your Kids: Tax Savings Strategy Or Really Risky Move
In this episode of 'Real Estate is Taxing,' host Natalie Kolodij breaks down the three common mistakes made by business owners when issuing 1099 forms. She discusses the misclassification of children employed in the business, the obligations of landlords operating rental properties, and the incorrect issuance of 1099s to owner shareholders who should be receiving wages.
00:00 Introduction to Real Estate Taxing
00:23 Common Mistakes in Issuing 1099s
00:44 Employing Your Children: Tax Strategies and Pitfalls
03:36 Landlords and 1099 Requirements
06:38 1099s for Shareholders: Avoiding Common Errors
11:20 Conclusion and Final Advice
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