ACCOUNTANT EXPLAINS Why 1099 Income Is Better Than W-2 For Taxes
Sherman - My CPA Coach
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1099 vs W2 Income - Which Is Better? Here Is The Answer By A Licensed CPA! Subscribe: https://www.youtube.com/channel/UC0AAvxmjMAqljjpc23e1f7g?sub_confirmation=1 Many people think that earning 1099 income means paying more taxes. But, the opposite is actually the case. As a W2 earner, you pay more taxes and you pay them more often. I have worked with doctors, lawyers, real estate agents, insurance agents, consultants, engineers, and so on… and guess what? Most of them earn a lot of money and prefer it to be structured as 1099. And in this video, I am going to fully explain to you why that is the case as a licensed CPA that saves people millions in taxes at mycpacoach.com So let's waste no time and jump right in. 1099 vs W2: (0:00) The W-2 Myth: (0:55) 1099 Benefit 1: (2:38) 1099 Benefit 2: (3:38) 1099 Benefit 3: (5:56) 1099 Benefit 4: (7:39) 1099 Benefit 5: (9:05) Apply to Work With a CPA: https://mycpacoach.com/contact/ Learn the tax game: https://mycpacoach.com/tax-saver/
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