Comments on: Now’s the Time to Track Those Tax Deductions http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/ Freelance Writing Jobs for All Writers Sat, 11 Feb 2012 17:52:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Pros and Cons of a Separate Bank Account for Freelance Income : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123961 The Pros and Cons of a Separate Bank Account for Freelance Income : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource Tue, 11 May 2010 09:02:06 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123961 [...] it comes to keeping your freelancer finances straight. A couple of weeks ago I wrote about all the fine tax deductions freelancers like you and me get to take at tax time. But be warned, those nifty little deductions can get lost among payments to the grocery store, the [...] [...] it comes to keeping your freelancer finances straight. A couple of weeks ago I wrote about all the fine tax deductions freelancers like you and me get to take at tax time. But be warned, those nifty little deductions can get lost among payments to the grocery store, the [...]

]]> By: Keeping Nickels » Blog Archive » Take Five: Nickelwise News April 30 http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123715 Keeping Nickels » Blog Archive » Take Five: Nickelwise News April 30 Fri, 30 Apr 2010 19:35:11 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123715 [...] Now is the time to track deductions for next year. Jenn Escalona tells you how. [...] [...] Now is the time to track deductions for next year. Jenn Escalona tells you how. [...]

]]> By: allena http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123620 allena Tue, 27 Apr 2010 22:51:58 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123620 I did some deep research fro an article at about.com on the home office, including calling the IRS (and my hubby is an acct who has done small biz returns for years). They told me in no uncertain terms that you are not more likely to be audited for home office. Well, so, do you believe them? I dunno. In addition, they wouldn't say that the delineation did NOT have to be a separate room, but I've seen that again and again in other articles-- that they have eased the "wall" requirement. Another thing: in addition to mileage, think "travel" in general... .-= allena´s last blog ..<a href="http://freelancewrite.about.com/b/2010/04/26/successful-freelance-writing-can-be-scary.htm" rel="nofollow">Successful Freelance Writing Can Be Scary</a> =-. I did some deep research fro an article at about.com on the home office, including calling the IRS (and my hubby is an acct who has done small biz returns for years). They told me in no uncertain terms that you are not more likely to be audited for home office. Well, so, do you believe them? I dunno.

In addition, they wouldn’t say that the delineation did NOT have to be a separate room, but I’ve seen that again and again in other articles– that they have eased the “wall” requirement.

Another thing: in addition to mileage, think “travel” in general…
.-= allena´s last blog ..Successful Freelance Writing Can Be Scary =-.

]]> By: Jennifer Escalona http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123617 Jennifer Escalona Tue, 27 Apr 2010 22:04:37 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123617 It's always good to point out again that the home office deduction can be a major obstacle. Just keep the guest bed and the art projects out of the home office and you're all set. (Unless, as you said, Phil, the IRS takes a special shine to you return because of the Home Office Deduction.) There's more info about the current state of home office deductions here if anyone is interested: http://righttaxesnow.com/taxes/home-office-tax-deduction-simplification-and-improvement-act-of-2009/ It’s always good to point out again that the home office deduction can be a major obstacle. Just keep the guest bed and the art projects out of the home office and you’re all set. (Unless, as you said, Phil, the IRS takes a special shine to you return because of the Home Office Deduction.)

There’s more info about the current state of home office deductions here if anyone is interested: http://righttaxesnow.com/taxes/home-office-tax-deduction-simplification-and-improvement-act-of-2009/

]]> By: Tweets that mention Now’s the Time to Track Those Tax Deductions : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource -- Topsy.com http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123611 Tweets that mention Now’s the Time to Track Those Tax Deductions : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource -- Topsy.com Tue, 27 Apr 2010 21:29:53 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123611 [...] This post was mentioned on Twitter by FreelanceWritingJobs, Johnny Spence and Jennifer Escalona, Kristi . Kristi said: RT @freelancewj Now’s the Time to Track Those Tax Deductions http://bit.ly/bmwDPC [...] [...] This post was mentioned on Twitter by FreelanceWritingJobs, Johnny Spence and Jennifer Escalona, Kristi . Kristi said: RT @freelancewj Now’s the Time to Track Those Tax Deductions http://bit.ly/bmwDPC [...]

]]> By: Phil http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123579 Phil Tue, 27 Apr 2010 10:55:54 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123579 A couple of points. I'm no CPA, but have written for a couple of CPA pubs: Home office and utilities require that one uses a space "exclusively for business," so a table in the kitchen used for meals, etc., doesn't qualify. Home office deductions also make the return more likely to be audited. On Web hosting, I would include it under professional dues and subscriptions (a Quickbooks category). I don't have Web hosting, but I use this for other online subscriptions. A couple of points. I’m no CPA, but have written for a couple of CPA pubs:

Home office and utilities require that one uses a space “exclusively for business,” so a table in the kitchen used for meals, etc., doesn’t qualify. Home office deductions also make the return more likely to be audited.

On Web hosting, I would include it under professional dues and subscriptions (a Quickbooks category). I don’t have Web hosting, but I use this for other online subscriptions.

]]> By: Tweets that mention Now’s the Time to Track Those Tax Deductions : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource -- Topsy.com http://www.freelancewritinggigs.com/2010/04/now%e2%80%99s-the-time-to-track-those-tax-deductions/comment-page-1/#comment-123578 Tweets that mention Now’s the Time to Track Those Tax Deductions : Freelance Writing Jobs | A Freelance Writing Community and Freelance Writing Jobs Resource -- Topsy.com Tue, 27 Apr 2010 09:27:40 +0000 http://www.freelancewritinggigs.com/?p=8175#comment-123578 [...] This post was mentioned on Twitter by FreelanceWritingJobs, Kristi . Kristi said: RT @freelancewj Now’s the Time to Track Those Tax Deductions http://bit.ly/bmwDPC [...] [...] This post was mentioned on Twitter by FreelanceWritingJobs, Kristi . Kristi said: RT @freelancewj Now’s the Time to Track Those Tax Deductions http://bit.ly/bmwDPC [...]

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