Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100 or +1 (631) 623 5100
InfoTaxSquare.com - Website Logo
  You are here : Home  >   Services  >   Comments  
TESTIMONIALS
InfoTaxSquare.com - Testimonials  


Board of Directors

Existing customers please login to check the status of your order at Infotax Square
 
Yauraj Gobi   wrote on : Tue May 25th,2010   Back to Article

I am on the board of directors for a company (c-corp) that I work for. I get a W-2 with withholdings and I also get a 1099-misc for nonemployee (board of directors) compensation. I also have a small consulting business for technology and business guidance - type of work.

My question is – can I run the 1099-misc through the consulting business to decrease my tax liability with business expenses and other business tax reduction methods?


Reply : infotaxsquare.com
 

Yes, all legitimate expenses can be claimed against business income.



Load More


Copyright © 2010, Infotax Square All Rights Reserved.
InfoTaxSquare.com - Allows Payment Processing With Visa, MasterCard, American Express and Discover
Terms and conditions, features, support, pricing and service options subject to change without notice.