Freelance writer are most popular job now. Many people are doing freelance job for extra money and also as self employment. But are they are entitled for incomes taxes? Freelance writer such as article writer, blog writer, free reporter or promoter marketing writer are have an unique tax income document to deal with.
So freelance writer is a hobby or business. Internal Revenue Service (IRS) say if you writing not more than 5 years it is just a hobby. If more and making a lot of money, it is a business. So what should you do? If you are self-employed on freelance writer, you must use Schedule C to list out all you income from your writer. It is not only income but your expenses during the job also must listed.
So what should you do next? Click here for the detail.
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Tags: Freelance Writer Taxes, Income, Income Taxes, Money, Taxes
May 4th, 2009 at 3:35 am
There is obviously a lot to know about this. I think you made some good points in Features also.
November 23rd, 2009 at 1:24 am
I’ve been involved in taxes for longer then I care to admit, both on the personal side (all my working life!!) and from a legal standpoint since passing the bar and pursuing tax law. I’ve provided a lot of advice and righted a lot of wrongs, and I must say that what you’ve posted makes perfect sense. Please keep up the good work – the more people know the better they’ll be equipped to deal with the tax man, and that’s what it’s all about.
November 23rd, 2009 at 9:41 am
Thanks. I’m just share some information with all of you.
March 20th, 2010 at 5:49 am
As a nood, I am always searching online for articles that can help me. Thank you!