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Self-employed or “1099 income” is not taxed before you receive it, so you need to plan to pay income taxes on this income. If you make above a certain amount of this income, it’s recommended that you make estimated tax payments every quarter so the IRS doesn’t charge you a penalty.
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Self-employed or “1099 income” is not taxed before you receive it, so you need to plan to pay income taxes on this income. If you make above a certain amount of this income, it’s recommended that you make estimated tax payments every quarter so the IRS doesn’t charge you a penalty.
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Hello, I'm Flor, founder of Dinescu & Co. (also known as Flor Dinescu LLC). A Florida based accounting firm ready to help business all through the united states with their tax preparation, bookkeeping, payroll, compliance and much more.
Tax stretegist who values FREEDOM, (freedom of income ceilings and freedom of time). I consider myself a serial entrepreneur, a helpful push, a get ish done type of person and If you're anything like me you are working on your next big thing and you need to be in the front line making things happen while someone else (meaning US!😉) take care of the backend paperwork stuff, to keep you earning more and keeping more of what you earned, working less and stressing less on the tasks that can be done by someone else.
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