I plan to be a free lance and 1099 contractor and am establishing an LLC so that payments will be made to the LLC and the LLC in turn pays me a salary.
Does the LLC generate a 1099 for the payments it pays me?
If I create an LLC and receive 1099 payments as a contractor, can I deduct training and professional certifications as an expense? For example if I seek to become certified as project manager (to benefit my career) is the cost associated deductible as a business expense?
if yes, does the training need to be paid by me personally out of pocket or by the LLC?
I am in the process of establishing an LLC and trying to determine if I should initiate paid training/certifications only after the LLC is established.
If anyone can help clarify the best way to do this so its straightforward at tax time, I would appreciate it.
