First 1099
“As a first-year freelancer, I did not know I had to pay a separate self-employment tax, is there any legal way to reduce this massive bill?”
A first-year freelancer’s self-employment tax question often turns on how the income was reported, what business expenses are documented, and whether any retirement or health-related deductions are available in the return. In many cases, the size of the bill also depends on whether estimated payments were made during the year and whether all qualifying costs were captured on the books. For someone who was new to 1099 income, the main issue is usually how the freelance activity was set up and recorded, since that can affect what is included in net profit and what adjustments may apply. A targeted review with a CPA can turn the uncertainty into a clear next step.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I got my first 1099 and I'm completely lost, can you walk me through it?”
“I just left my W-2 job to go independent, how do my taxes change?”
“I just got a 1099-K from Venmo for selling my old personal clothes at a loss, do I actually have to pay taxes on this money?”
“I worked as an independent contractor for three months and never saved for taxes, what are my immediate payment plan options with the IRS?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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