3 Common Mistakes When Issuing 1099 FormsEpisode 17: Hiring Your Kids: Tax Savings Strategy Or Really Risky Move https://www.natalie.taxhttps://www.incite.taxIn this episode of 'Real Estate is Taxing,' host Natalie Kolodij breaks down the three common mistakes made by business owners when issuing 1099 forms. She discusses the misclassification of children employed in the business, the obligations of landlords operating rental properties, and the incorrect issuance of 1099s to owner shareholders who should be receiving wages. 00:00 Introduction to Real Estate Taxing00:23 Common Mistakes in Issuing 1099s00:44 Employing Your Children: Tax Strategies and Pitfalls03:36 Landlords and 1099 Requirements06:38 1099s for Shareholders: Avoiding Common Errors11:20 Conclusion and Final Advice
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