Answers/Closers
Tax and money questions remote closers ask
Straight answers with the forms, thresholds, and deadlines that actually apply. Every page starts with the short answer and ends with what to do about it.
Answered so far
8
questions for remote closers
Income
How much tax do closers owe on 10k a month?
A closer earning $10k a month, $120,000 a year, on 1099 typically owes roughly 25% to 30% in federal tax before state tax. Self-employment tax alone is about $16,955 on $120,000 of net profit, with federal income tax on top depending on deductions and filing status.
How do high ticket closers pay taxes?
High ticket closers paid on 1099 pay taxes as self-employed businesses: report gross commissions on Schedule C, subtract business expenses, pay 15.3% self-employment tax on the profit via Schedule SE plus federal income tax, and send the IRS quarterly estimated payments on Form 1040-ES instead of having taxes withheld.
Do remote closers pay self-employment tax?
Yes. A remote closer paid as a 1099 contractor pays 15.3% self-employment tax on net profit from commissions, covering both the employee and employer halves of Social Security and Medicare. It applies once net profit reaches $400 and is calculated on Schedule SE, on top of regular federal income tax.
Writeoffs
What you get with Amadae
One flat monthly price. Real accountants who know how remote closers get paid.
- Commissions and clawbacks reconciled against your 1099s automatically
- Phone, training, and home office costs tracked as write-offs monthly
- Quarterly estimates calculated and set aside before each deadline
- Your return filed by a real accountant, S-corp math included
Free 30-minute review. Cancel any time.
Plans from
$249/mo
If you make $40K - $69K. Flat, no hourly bills.
- Monthly profit and loss reports
Stop Googling closer taxes between calls.
Books, estimates, and filing for remote closers. Flat monthly price.