1099 income tied to employment doesn’t create a business

A car salesperson who worked for a dealership and also received bonuses reported on Form 1099-MISC related to his car sales activities could not deduct expenses on Schedule C. In the Tax Court’s view, the activities that produced the bonuses were inextricably intertwined with and connected to his status as an employee. #IdeaoftheDay

Remember to check out the latest blog posts!