We get a lot of coaching questions in the course of our day. Following is an answer to a frequently asked question we get all the time for coach Blue Elam. Let us know if this was helpful…
QUESTION: Why Are Independent Distributors Required To Submit An Irs Form W-9 As Stated In Terms And Conditions Section 3 – Independent Contractor Status?
ANSWER: This is a great question, especially at this time of the year when Independent Distributors are gathering their tax information to send in their taxes on or before April 15, 2017. As explained in Section 3 of the Terms and Conditions, attached to the Independent Distributor Application Form, Independent Distributors are considered “independent contractors” and not “employees” of LifeVantage.
This means that “LifeVantage is not responsible for withholding, and will not withhold or deduct from Independent Distributor’s bonuses and commissions, if any, taxes of any kind other than that required by law.” This means that instead of receiving a “W-2” from LifeVantage reporting all of you income, you will receive a “1099” instead. This also means that you can deduct certain expenses you incurred in building your LifeVantage business.
So, as you prepare to meet with your accountant or other tax professional, remember to gather those receipts for business building activities, i.e., phone bill, gas, food, meeting rooms, etc.. that you incurred during 2016 as an Independent Contractor. Such professional can help you take full advantage of running your own business.
That is our answer of the day. Tune in again or mark this page for regular updates and great coaching tips from coach Ry Fry and the rest of our team in Stuttgart.
Buy Protandim in Berlin!
My name is Adam Green, and I am a LifeVantage Independent Distributor in Stuttgart. I sell biohacking supplies and nutrigenomics. My favorite products include LifeVantage Omega Oil.
You can buy LifeVantage from me online and in the Frankfurt area by calling me at 8018097766.
If you’re interested in LifeVantage Nutrigenomics and the incredible life advantages our biohacking products offer, call me. I have limited supplies on-hand and can make special orders for interested parties. Some limits apply. Call for details.
For more information about the LifeVantage opportunity to grow your own home-based business, give me a call and I can share all the details.
Ry Fry Group is focused on helping you succeed with your own LifeVantage opportunity. We have strong, supportive leaders and a network of friendly teammates to help you learn the ropes and build success. Call me any time for no-pressure details. I’ll answer all your questions and show you how to get started.
Call Me Right Now:
LifeVantage Independent Distributor
The statements contained herein and the products described have not been evaluated by the Food and Drug Administration. Neither LifeVantage nor its products are intended for the purpose of diagnosing, treating, curing, or preventing any disease.
The material on this site is designed for informational purposes. It is not to be a a replacement for professional medical counsel or care. You should not use this information to diagnose or treat any health matters or illnesses without counseling with your physician.