How does Painless1099 work exactly?

Painless1099 works by automatically separating taxes from your income as it passes through a smart bank account. When you sign up, you're opening a smart savings account and linking your existing personal account to it. You'll then redirect your income to your new Painless1099 account. We use the most recent US and state tax codes to automatically calculate and set the right amount aside for taxes and send the remainder to your linked account. You tax withholding will sit in your Painless1099 account until it's time to make payments to the IRS and state government.

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