taxes
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- Buckyball2
we're approaching that time of year when uncle sam comes knockin'.
I did a certain amount of freelance last year. i know it's over the limit so i am reporting.
do i just report how much i made on my taxes? do i need any of the check stubs from the people who paid me? Because I don't believe I have them all.
A little green on the freelance/taxes thing.
thanks,
bB
- johndiggity0
you don't need to the receipts unless you get audited, so just give a fair estimation of what you made if you don't know exactly.
- kld0
You should receive 1099's from your clients. If you don't call them and request them. Get a folder and put all you stubs, etc. for when the audit comes. You should expect to be audited eventually so plan accordingly and keep your records straight, even if you never are.
- mrdobolina0
if you dont get 1099's dont declare it.
- johndiggity0
you won't get a 1099 if you weren't an independent contractor, but if you did work for a company that gets audited yearly, like a finacial company, your pay records will be on their ledger. don't fuck around with the irs. better safe than sorry.
- tkmeister0
i kinda agree with mrddobolina. if you aren't getting 1099, that meens your clients aren't reporting the spending properly.
i keep all the receipts, dinner expense, cab, cable bills, phone bills.
get a good tax accountant as they know all the loopholes to go around the tax laws.
- kld0
rule number one: cover your own ass.
If your clients aren't writing off they're own business expenses(IE: you and your design work) then there is something wrong. Declare your earnings and save yourself a world of hurt down the road. IMO.
The man will come knocking.
- tkmeister0
you can always ask your clients if it's off the book. all my major clients send me 1099, the rest, i always check with clients if it's off the book.