Uploaded February 2024 | Updated September 2026, 1 week ago
Hello everyone! Dive into my comprehensive tax filing course tailored for side hustlers, online sellers, gig workers, and freelancers. Designed for simplicity, it covers everything from start to finish, perfect for those balancing a full-time job. As a CPA, I'll walk you through tracking your income, maximizing deductions, and more. Let's tackle your taxes with ease together!
🛑 noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
Avoid IRS penalties and navigate the complexities of reporting your 1099-K with ease! Hi, I'm Noel Lorenzana, your trusted CPA, here to guide you through correctly reporting your 1099-K on your tax return, ensuring you stay in the IRS's good books. This video is a goldmine of information updated with the latest IRS regulations, including handling 1099-K forms sent in error and dealing with personal sales, ensuring you maximize your tax savings while staying compliant.
In this video, I'll walk you through several scenarios, including personal items sold at a loss, incorrect 1099-K forms, and how to report personal sales with profit. With my guidance, you'll learn how to navigate these situations confidently, ensuring you don't miss out on any tax deductions or fall prey to common pitfalls. Whether you're dealing with a garage sale gone big or a precious collection of collectibles, I've got you covered.
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
🔆 youtu.be/F5Ve0z_4Jgk
🔆 youtu.be/k8r9_7-U70w
🔆 youtu.be/UrOrIujiZ1U
Thanks for watching my video on, Avoid IRS Penalties: Correctly Report Your 1099-K
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - New 1099K Tax Reporting: How to Avoid IRS Penalty
01:03 - 1099-K Form: Reporting Losses (Personal Item Sold at a Loss)
03:08 - What to Do if You Don't Have Receipt for Your Personal Item Sold?
03:45 - What if You Received a 1099K That Was Sent to You in Error?
04:26 - How Do You Report an Incorrect 1099K?
05:14 - 1099K Reporting Tax on Gains: Selling Personal Items
05:56 - How to Report Personal Taxable Gains on IRS Form 8949?
07:11 - Avoid IRS Penalties: Tips for Correcting 1099-K Errors
Replay Video Link: youtu.be/Odjwxwz9Ba8
#1099 #ebayseller #1099k
Hello everyone! Dive into my comprehensive tax filing course tailored for side hustlers, online sellers, gig workers, and freelancers. Designed for simplicity, it covers everything from start to finish, perfect for those balancing a full-time job. As a CPA, I'll walk you through tracking your income, maximizing deductions, and more. Let's tackle your taxes with ease together!
🛑 noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
Avoid IRS penalties and navigate the complexities of reporting your 1099-K with ease! Hi, I'm Noel Lorenzana, your trusted CPA, here to guide you through correctly reporting your 1099-K on your tax return, ensuring you stay in the IRS's good books. This video is a goldmine of information updated with the latest IRS regulations, including handling 1099-K forms sent in error and dealing with personal sales, ensuring you maximize your tax savings while staying compliant.
In this video, I'll walk you through several scenarios, including personal items sold at a loss, incorrect 1099-K forms, and how to report personal sales with profit. With my guidance, you'll learn how to navigate these situations confidently, ensuring you don't miss out on any tax deductions or fall prey to common pitfalls. Whether you're dealing with a garage sale gone big or a precious collection of collectibles, I've got you covered.
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
🔆 youtu.be/F5Ve0z_4Jgk
🔆 youtu.be/k8r9_7-U70w
🔆 youtu.be/UrOrIujiZ1U
Thanks for watching my video on, Avoid IRS Penalties: Correctly Report Your 1099-K
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - New 1099K Tax Reporting: How to Avoid IRS Penalty
01:03 - 1099-K Form: Reporting Losses (Personal Item Sold at a Loss)
03:08 - What to Do if You Don't Have Receipt for Your Personal Item Sold?
03:45 - What if You Received a 1099K That Was Sent to You in Error?
04:26 - How Do You Report an Incorrect 1099K?
05:14 - 1099K Reporting Tax on Gains: Selling Personal Items
05:56 - How to Report Personal Taxable Gains on IRS Form 8949?
07:11 - Avoid IRS Penalties: Tips for Correcting 1099-K Errors
Replay Video Link: youtu.be/Odjwxwz9Ba8
#1099 #ebayseller #1099k
