Beachbody Coaches are independent contractors. They are sent a 1099 form to file taxes. Coaches should set aside money to pay taxes quarterly. Whether a Coach receives a 1099, Beachbody suggests contacting a tax advisor to report commissions.
As a home business owner, coaches can deduct expenses when itemizing returns. Contact your tax advisor for acceptable deductions as rules vary by state. Things to potentially deduct include: Shakeology, supplements, travel for conferences and events, specialized clothing, meals while traveling, transportation like planes and rental cars, and lodging when traveling.
Coaches are not Beachbody employees. However, a coach can request independent contractor verification. Some common misconceptions exist. Coaches do not have to be at goal weight. Coaching involves taking the journey alongside others. Perfection and having an ideal body are not relatable or motivating.
Many people coach because they love sports. But coaching takes work off the field too. When traveling, meals and lodging are deductible. Even takeout is deductible. Working from home has deductions too. Industry conferences and workshops are also deductible. Coaches can deduct expenses like breakfast before a game or hotels.