LLC Disregarded Entity
Filing business income (1099) and personal income(W2) When I contract work as a 1099, the payments will be routed to my business bank account and report tax as business income. However, I work one client as a W-2 employee. Paycheck will go to a personal bank account and file as personal income. Please let me know if this is appropriate for tax filing. Should I use my physical business address or mailing address for Tax filing?
Quick Answer:
Your approach to separating 1099 contract income and W-2 employee income for tax purposes is appropriate. Payments for 1099 work, routed to a business account and reported as
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
