The Resource Management Group, LLC

Financial Tip:

You will find money for what you want.

It's the laws of life. You will obtain what you focus on.

People addicted to their vices prove this to you every single day.

What is it you want?

Start there and your focus will change, which then shifts your mindset, which always shifts your actions.

Often times, business owners want to argue about IRS rules as to what qualifies for a vendor to receive a 1099 or not.

As one who wishes to maintain compliance with all state and federal rules and regulations to maintain peace and not infuse more problems in my life, I do not understand this mindset.

The only reason you want to argue about who should or shouldn't get a 1099 is because you are not reporting all your income.

Period.
End or excuses.

If you also were accounting for all your expenses, this would offset any income, and you would not be concerned with any 1099 being issued to you.

However, IF you want to avoid having to have this discussion with the person who handles your financials each year, let me give you a TIP to avoid having EVER to issue a 1099 again:

PAY ALL VENDORS by CREDIT CARD!

NOT by Zelle.
NOT by Apple Cash.
NOT by GooglePay.
NOT by CashApp.
NOT by PayPal via a checking account.
NOT by any source that connects directly to your Checking or Savings Account.

When you pay by Credit Card, the only way for the vendor to receive those funds is through a 3rd Party. This means there is no way for them to dispute receiving those funds.

Let me remind you, the penalty for not issuing a 1099 when you should have is expensive. The fee ranges from $60 to $330 per form (tax year 2025).

There are ways to work the system and play the game that reduce your overall tax form burden, and this is one of them.

Want to learn more?

Attend my upcoming workshop with Wild Moon Connect on February 21st, 2026.

Monday Money Minute:

January is the month to do tax preparations and gather your tax documents together.

Here is a short list of things to do:

1. Spend time scanning all receipts and invoices you will use as tax deduction. If you aren't able to claim it as a deduction, the only reason to keep the receipt or invoice is if you need it to return an item or want to have the original receipt for reference.

If you'd like a tutorial on the best way to label files and how to store this data securely for 7 years, send me a DM with your email address requesting this document.

2. Get all your IRS forms together. These are: W2s for Employee Wages, K1s for Business Partner Income, 1099s for Independent Contractor or Interest Income or Oil & Gas Royalties, 1098s for Mortgage Interest, College Tution Fees paid, etc.

If you'd like a complete list of forms to gather, send me a DM with your email address requesting this document.

3. Print spreadsheets or logs of Mileage Logs, Vehicle Expenses, Yearly Principal & Interest Loan Statements, Charity Donations, Non-Cash Charity Donations, etc.

If you'd like a check off list of deductions, send me a DM with your email address requesting this document.

4. Prepare totals on a summary page.

5. Choose a CPA to work with unless you file your own taxes.

Remember, anyone can file taxes. But, unless the person is licensed they cannot defend you or represent you in Tax Court with the IRS.

I have a Guide to help you navigate choosing a CPA. Send me a DM with your email address if you'd like my document.

6. Lastly, filing an extension with the IRS does not litigate penalties or interest for not filing on time. It simply tells the IRS, I intend to file.

Do not procrastinate. File timely.

7. Create at least one backup copy (if not two) of all documents and information and store on a jump drive/external hard drive and in the cloud.

Every year there is a debate...

Who gets a 1099?
Who doesn't get a 1099?

There is A TON OF MISINFORMATION on this topic.

Here is some TIPS for you:

Do NOT pay any vendor without a W9 on file.

Period.
Simple fix.

No cash in your pocket until I have my document on file.

Why? Because once you've paid them, you have absolutely NO leverage. Additionally, you now have no legal backing to support your expense and it can be disallowed by the IRS, if audited. And once disallowed, they will recalculate your tax liability and assess penalties and interest.

Don't forget...the IRS doesn't play fair. So you gotta know the rules or you stand no chance at winning.

FACTS:

The IRS requires you to have a W9 on file for every vendor to prove their entity status.

This is ONE piece of information that determines whether they get a 1099.

Anyone who asks for your W9, you legally are required to provide it and cannot withhold it if you are asked for it, so don't get snippy about this.

Just because a vendor/business is an LLC does NOT mean they don't get a 1099. There is a LOT of misconceptions out there about 1099s only being only for a Sole Proprietor; and this isn't correct.

Don't believe me?

Read the IRS Publication of instructions on how to do a 1099 if you want to fully understand them.

Remember:

There is NO penalty for filing a 1099 that was NOT NEEDED. There is only a Penalty for NOT filing one that IS!!!

And...that penalty starts at $500 a form.

Here is a short list of LLCs or INCs that would still get a 1099:

Accounting Firms
Attorneys
CPAs
Janitorial Companies
Landlords/Rent
Marketing Firms
any company who is a Professional Service

You legally only have to send one if you paid them a total of $600 or more by Cash or Check. If you paid the vendor by Credit Card, nothing has to be filed.

Don't want to ever have to deal with 1099s again?

Get a W9 and pay them by CC and you're in the green all the way to the finish line baby!

Hope this helps!

What if I told you that your financial insecurities keep you from having all the abundance you want in your life?

What if your belief that money isn't (or can't be) stable or consistent, is the reason it isn't for you?
..But you don't see that money hasn't had a chance to be stable and consistent because YOU aren't stable and consistent in your work for money?

What if your fear of money, is because you believe it's the root of all evil? Because you don't see it as also being a root of all good?
..And before you cut me off and go tell me "God said"...listen with an open heart and read this:

▪︎ Can you have a house or car or food or utilities without money?

▪︎ Can you tithe or donate to charity without goods (which took money) or cash?

▪︎ Are these things designed to be used for good in your life?

▪︎ Can you live or do anything without money?

If you believe money is the root of ALL evil, do you really think you're going to be empowered to serve your boss or your clients (if you're an Entrepreneur), and be paid what you're worth? Let alone feel you deserve the money after you work for it?

When you address your money paradigms, your life will change from the inside out! And the ripple effect will flow over to your relationships, your health, your career, your daily choices on what you actually buy and what your money is worth being spent on for things you value.

What if you allowed yourself to fall in love with money? Not as an "idol", but a tool and giving it as much love as you do your breath or eyesight or hearing or taste or touch? What if you didn't make money a bad thing?

When you do, the decrease in debt and increase in savings will only be an added bonus to the transformation you'll feel. And it will cause more feelings of abundance!

But not one person can do this work for you!

No credit analyst.
No debt consolidation company.
No parent.
No spouse.
No coach.

Only YOU.

What beliefs are you willing to transform?