Tax Tips: Understanding Form 1099-MISC

Form 1099

You have this freelance writing thing down cold.  Your writing sparkles with informative content that educates and entertains audiences of all ages and backgrounds.  Editors are calling on the hour with request for more work at whatever rate you name.  You finally ditch that boring nine to five job and now spend your days with your laptop in that trendy coffee shop where all the cool people hang out. Wait, that is not what is happening to you?  Me neither.  However, we are working, and getting paid, so it’s not all that bad. Speaking of getting paid, you will have [Read more…]

Alleviate Quarterly Estimated Tax Burden By Paying… Monthly?

Quarterly estimated taxes are coming up next Tuesday. Honestly, I don’t really like to think about emptying my pockets for Uncle Sam until I absolutely have to, but paying quarterly taxes in April, June, September and January Is just a sad fact of life for we poor, suffering freelance writers. I have been in the bad habit of letting my tax burden pile up, and paying the entire amount that I owe right on the due date. On one hand, this allows me to keep my money in my pocket longer, but on the other hand, I have four massive [Read more…]

The Pros and Cons of a Separate Bank Account for Freelance Income

The Cons of Opening a Separate Checking Account for Freelancing Income

Hooray! A check from a client came in. Now what? Do you stick it in your personal bank account where it mingles with your part-time job income and your spouse’s direct deposit? If so, you might be making your life needlessly harder when 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 vet, and Uncle Hal’s Hardware and Bait Shop. [Read more…]

Pay Less to Uncle Sam Later by Tracking Your Tax Write-Offs Now

Hang on to Business Receipts

Last week I wrote about how, like it or not, keeping track of tax deductions is a year-round job for freelance writers. Yes, I know. Yuck. Don’t you hate when people are part of the problem and not part of the solution? For that reason, I decided to follow up with a post about what you need to know about keeping track of those pesky deductions throughout the year. Hang on to Receipts First, keep receipts or invoices for anything you purchase that could even remotely be considered part of your business. Even if you aren’t sure whether your book [Read more…]

Now’s the Time to Track Those Tax Deductions

Now’s the Time to Track Those Tax Deductions

Wait, what? But April 15th just passed, you’re saying. Can’t I please get a break from all this tax talk? Sadly, no.  While they’re no fun to think about, if you’re a freelance writer, tax deductions are a part of your life all year round. And trust me, you want to think about tax deductions because they’re going to save you money in the long run. What Can I Deduct? Almost anything you buy to use in your business can be deducted on your taxes. In the past, respectable tax payers have been able to convince the IRS that cat [Read more…]

Freelance Writing Jobs: Frequently Asked Questions

At Freelance Writing Jobs we strive to provide you with the best information possible about starting your freelance writing career. With so many posts offering tips and advice, it can be hard to find useful information that’s not on the front page of this blog. Since we receive a lot of email asking for tips on getting started as a freelance writer, how to set rates and more, I thought it was time for a static “Frequently Asked Questions” page. If you’re starting out as a writer, or just want a refresher course, use this handy list as a one [Read more…]

26 Blog Posts and Articles About Freelance Taxes


So…I’m sitting here thinking about how my quarterly taxes are due in January and probably many of you are having the same experience. Freelance writers don’t pay taxes in the same manner as those who are salaried employees. We have to plan ahead and predict. For freelance veterans, this may all seem routine. However, new freelancers might be confused as to how to pay taxes as a freelancer and estimate taxes if needed. Many don’t even realize they have to put away money from each gig for taxes. To help, I’ve prepared a list of posts about freelance taxes. Hopefully [Read more…]

How to Solve Freelance Tax Problems


by Thursday Bram When something goes wrong with an employee’s taxes, her employer is often responsible when everything is said and done. For freelancers, though, no employer is going to take the time to correct errors. That means that you have to take responsibility for making sure that all of your paperwork is in order and, if it isn’t, that you take the right measures to keep the IRS happy. Contact the IRS Staying in touch with the IRS can simplify most of the problems a freelancer can face when it comes to taxes. In most situations, such as late [Read more…]

It's freelance tax time – are you ready?

Ah tax season. Taxes can be confusing even under the best of circumstances, and who has those? Add in divorce, child tax credits, college loan interest, home credits and so on and even the most prepared start to get a little loopy. Case in point, I’m pretty sure I reworked my taxes at least five times last year, which wasn’t entirely my fault (see below). In any case prepared or not tax season is here. Following are some tips… Do bloggers even pay taxes? Yes if you earned an income that’s over $600 $400 (see comments – my bad) from [Read more…]

Tax Tips for Freelance Writers Part 4: When a Writer Needs to Hire a CPA


by Thursday Bram While the standard business advice is that you need to hire a CPA as soon as you go to work for yourself, most freelance writers don’t need to call on a CPA quite that fast. As long as your taxes are fairly straight forward, you can take your 1099s to a tax preparer and get your income tax return completed for less than you would pay a CPA. If you’re willing to put the hours into it, it’s even possible to do your taxes on your own: completing Form 1040 will take some time if you aren’t [Read more…]

Easy to Forget Income Tax Deductions


by Thursday R. Bram One of the perks of being a freelance writer is that we don’t have a lot of major expenses when we start up our businesses. When I started freelancing, I already had a computer and an internet connection. Just because we start out with very few expenses doesn’t mean that we can’t take deductions for our business expenses when tax season rolls around. We all know the standard deductions: the home office expense, any computer equipment bought specifically for business use and that sort of thing, but there are a lot of deductions that are easy [Read more…]

Freelancers and Taxes Part 2: Introduction to Quarterly Taxes

by Thursday Bram The biggest difference between doing your taxes as an employee and doing them as a freelancer, at least in the U.S, is figuring out just what to do about quarterly estimated income tax. Since your clients pay you as a contractor, rather than an employee, they do not make sure that the IRS receives your payroll taxes. Instead, you’re responsible for sending in a check every quarter for a fourth of the amount you expect to owe at the end of the year. Not Every Writer Has To Pay Quarterly Estimated Taxes In general, it seems like [Read more…]

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