Thank you Omi I was hesistant to share this here because I wondered how many people will need it and your comments helps me know even if not many people need the information, it might be very helpful to those that do!
RE: 1099-MISC + 1099-K Solutions for Double Reporting + PayPal + Coinbase!
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1099-MISC + 1099-K Solutions for Double Reporting + PayPal + Coinbase!
@jerrybandfield This is precisely the type of "missing information" when it comes to all things online money making. There is a lot of focus on onboarding. For instance, when I got involved with eCommerce, the people I was learning from were focused on students taking action. I realize that is often what makes or breaks people (most quit early or never start.) But the second point of GREAT FAILURE is the hump. Most businesses go out of business in the first two years because of things like cashflow issues, taxes, legal issues, and overall administrative maintenance. So many entrepreneurs close their companies, go bankrupt, get sued, paypal holds their money, or the IRS makes their life hell.
I realize that it's everyone's own responsibility to realize they're in COMMERCE, but that's not what happens. Most people make a big wad of money and then it backfires and burns them.
Be it blogging, ecom, crypto, advertising, or whatever you do online that involves commerce, if you're doing it well, you're going to pay the piper right? So thank you for the tip and if you continue to make content that is on those topics, I'll be following it more closely.
:)
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