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  1.  Home
  2. CONSULT400
  3. March 2016

Re: Self-employed consultant questions

This is all very interesting. I wonder how these companies deduct your
compensation for their tax purposes if they're not filing 1099s. Also, I'm
surprised that variations in your reported income from year to year doesn't
raise IRS audit flags.

In my case, this is a full-time, single gig. Can't say for certain that
I'd like to do this extremely long term where I'm juggling clients.

On Tue, Mar 8, 2016 at 5:30 PM, Paul Nelson <nelsonp@xxxxxxxxxxxxx> wrote:

Same here. When I asked, they have said that the paperwork is a PITA, so
they tell the IRS they don't use private contractors. Given the
embarrassing
problems they have these days, the "gubmint" boys at the IRS have bigger
fish to fry (like avoiding prosecution themselves).

I got a total of 3 1099's for last year's work.

Paul Nelson


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