First 1099
“I worked as an independent contractor for three months and never saved for taxes, what are my immediate payment plan options with the IRS?”
An independent contractor who received a first 1099 and did not set aside tax money often faces a mix of income tax and self-employment tax considerations, and the immediate options with the IRS can depend on the balance due, current filing status, and whether any estimated payments were missed. In many cases, the IRS looks at installment arrangements, short-term payment options, or other collection alternatives, with the details shaped by the amount owed and the person’s recent income history. The timing of the return filing, any notices already received, and whether the contractor also has state tax exposure can all affect how the account is handled. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
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 received a 1099-NEC from a former client but they reported significantly more money than they actually paid me, how do I officially dispute this?”
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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