So i got a 1099-nec form for $8900. Its for money i get referring another company. I know i owe a good amount on it, when i filed it jumped negative $2100. Just wondering if there is a way to mitigate the amount for the future or to alter this on so i dont have such a big owe each year. My only thought would be to opt for my tac taken out during the year, to offset it.
Questions on 1099-nec form and any way to not end up owing so much.
byu/Don_juan_prawn intax
Posted by Don_juan_prawn
2 Comments
Did you get paid?
Increase your withholdings or send in estimated tax at the time that you receive the money that will generate the 1099