1099 Tax Preparation — NYC
What We Cover
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Schedule C Preparation — Accurate reporting of self-employment income and expenses, including home office (simplified or actual), vehicle use, equipment, software, and subcontractor payments.
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Self-Employment Tax Calculation — Schedule SE filed correctly with the deductible half of SE tax reflected on your 1040. This is the one people miss when they try to do it themselves.
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Quarterly Estimated Payments — We calculate federal and NY estimated payments based on what you’re actually earning, not a flat guess. Underpay and you owe penalties. Overpay and you gave the government an interest-free loan.
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1099-NEC & 1099-K Reconciliation — Matching what your clients and platforms reported against your actual records. Payment apps and marketplaces have their own reporting thresholds, and discrepancies trigger notices.
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Multi-Platform Income — Rideshare, delivery, freelance marketplaces, direct clients — we consolidate income from all sources and make sure deductions are properly allocated.
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Entity Election Advice — Once your net 1099 income crosses a certain threshold, an S-corp election starts saving real money on self-employment tax. We’ll tell you when you’re there.
1099 Filing in New York
Here’s what catches most NYC freelancers off guard: you owe taxes to four separate authorities. Federal, state, city, and the self-employment tax on top. Your effective rate on that next dollar of freelance income can easily hit 45-50%, and if you haven’t been making estimated payments, the penalties stack up at each level independently.
We see this pattern constantly. Someone has a great year freelancing, doesn’t set aside enough, and ends up owing $15,000 or $20,000 at tax time with penalty interest on top. The fix is straightforward — quarterly payments calibrated to your actual income trajectory, reviewed and adjusted each quarter so you’re not blindsided in April.
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Stop guessing at your quarterly payments. We’ll get your 1099 taxes sorted out properly.