1. Deposit 1099

You deposit 1099 income into a business account.

2. Pay Yourself

Conduct the 1st rule of business, pay yourself.

3. Pay The IRS

Your taxes will be withheld and paid to the IRS.

4. W2 Taxes Paid

At the end of the year, receive a 1099-MISC for payroll expenses and a w2 that shows taxes paid

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