1099s are one of the most common places business owners make expensive mistakes — and most don’t realize it until penalties show up.

In this episode, we break down the 1099 mistakes that cost business owners thousands, and how to avoid the most costly 1099 errors in 2026 before deadlines hit. If you pay independent contractors, vendors, or rent, this episode is a must-listen.

We cover:

What 1099-NEC and 1099-MISC are and when they’re required
Who must receive a 1099 — and who doesn’t
Key deadlines business owners miss every year
IRS penalties that can reach hundreds of dollars per form
Common 1099 mistakes that trigger unnecessary fines
How to properly collect W-9s and prepare your filings
Simple steps to stay compliant and avoid last-minute stress

Whether you’re a small business owner, freelancer, or entrepreneur, understanding 1099 rules can save you time, money, and serious headaches.

🎁 Free Resource for Business Owners
If you’re tired of guessing your tax moves, grab our free Tax Savings Starter Kit. Inside, you’ll find top business deductions, real case studies where owners saved $5,000–$25,000, and a bonus discovery call with our team.

👉 Visit https://taxsavingspodcast.com/starter-kit/ to download it for free.

Don’t wait until penalties arrive. Learn what to fix now so 1099 season doesn’t cost you more than it should.

📌 Let’s Connect:
• Want to learn more? Email us: Ask@TaxSavingsPodcast.com
• Visit: https://www.TaxSavingsPodcast.com
• Check Out TaxElm: https://taxelm.com/
• Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/
• Book a free demo with our team: https://taxelm.com/demo/

Subscribe for more practical tax strategies, and share this episode with a business owner who needs to hear it.

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