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1099 .is
Get answers to your tax questions in the Sharing Economy. If you are earning income using services like Etsy, eBay, Kickstarter, Airbnb, and TaskRabbit, this is your guide. Learn more @ j.mp/1099is
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What about creating a legal partnership or a sole proprietorship?
Two other traditional legal entities are partnerships and sole proprietorships.
1099.is
Oct 18, 2015
I live in one state, but earn income in another state. What state do I attribute my income to?
State taxation can be tricky and requires attention to tax laws that can vary from state to state. For this reason, it is important that…
1099.is
Oct 18, 2015
I have generated more than nominal income through the sharing economy.
While there are different types of legal entities that an individual can create, the following are a few factors that should be considered…
1099.is
Oct 18, 2015
Sharing Economy
I have a resource that I utilize for both personal use and resource sharing.
These guidelines will focus on the two most commonly shared resources: automobiles and homes.
1099.is
Oct 19, 2015
I am using my car to generate income through a ride-share company.
In general, you may apportion the percentage of the car’s usage that was dedicated to your business as a business expense.
1099.is
Oct 20, 2015
I am renting out my entire apartment or house.
Out-of-pocket expenses associated with maintaining your rental property may be deducted from your income for the time it is rented.
1099.is
Oct 20, 2015
Marketplaces
What is the definition of a member’s distributive share of an LLC?
Each member’s distributive share is his or her respective interest in the LLC’s profits or losses for a given year (whether or not…
1099.is
Oct 19, 2015
I own my LLC along with one (or more) other members.
Multi-owner LLCs (like single-owner LLCs) are taxed only at the individual level.
1099.is
Oct 19, 2015
I am the sole owner of my LLC. How do I report my income and losses?
As the sole owner of an LLC, you will report all of the profits (or loss) from your LLC on Schedule C and file it with your 1040 Tax…
1099.is
Oct 19, 2015
Crowdfunding
I plan to use my recent crowdfunding capital as a first step in building a company and am…
If you plan to use the crowdfunding you received as a stepping stone towards future funding, it may be best to incorporate as a…
1099.is
Oct 18, 2015
How will my LLC be taxed?
How your LLC will be taxed is up to you.
1099.is
Oct 18, 2015
I have decided to form an LLC for my project. What do I need to do?
The first step in establishing an LLC is to file the Articles of Organization with the state in which you plan to do business.
1099.is
Oct 18, 2015
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