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…]
26 Blog Posts and Articles About Freelance Taxes
January 4, 2010. 3 Comments
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
January 3, 2010. 2 Comments
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…]
Freelancers and Taxes Part 2: Introduction to Quarterly Taxes
November 10, 2009. 1 Comment
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…]
What Every Freelance Writer Needs To Know About Taxes
November 3, 2009. 7 Comments
by Thursday Bram If you’re making the switch to freelancing, it’s easy to miss some of the details that go along with completing your taxes. There are some major differences in the paperwork if you’re working for a company or if you’re self-employed. While there are plenty of ways to save money on your taxes or even make them easier to complete, there are some nuts and bolts that every freelance writer should know. The Question of Quarterly Estimated Tax Payments As a freelancer, you don’t have a boss — which means that you don’t have anyone handling your taxes [Read more…]
