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Andrew Schwartz CPA
Feb 25, 2009 - 2:58PM
Re: W-2 vs 1099 & Role of LLC if independent contractor as consultant

When you switch from a W-2 to a 1099, you get to write off your professional expenses directly against that income. It's a little easier to save some taxes for thos costs, plus your car and your home office.

You can also fund a self-employed retirement plan each year based on your profit.

Zip Code: 01801

Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: W-2 vs 1099 & Role of LLC if inde...