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1099 Benefits

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  • lernd
    replied
    Thanks!

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  • jfoxcpacfp
    replied




    I was just wondering what some of the benefits of receiving 1099 income are?  Does it allow you to start an individual 401k?  What are the downsides?  Do you have to pay your own payroll/Social Security taxes etc?  Thanks!
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    Yes and yes. Start by reading 6 Huge Benefits of IC Income.

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  • lernd
    started a topic 1099 Benefits

    1099 Benefits

    Hi all,

     

    I was just wondering what some of the benefits of receiving 1099 income are?  Does it allow you to start an individual 401k?  What are the downsides?  Do you have to pay your own payroll/Social Security taxes etc?  Thanks!

     
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