http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/ Mon, 21 May 2012 07:11:01 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/comment-page-1/#comment-637 petite mom blog Tue, 04 Sep 2007 18:26:00 +0000 http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/#comment-637 You will get 1099's from most people if you've made over $400 or $500. For the other income you still have to report it even if they didnt send you a 1099 unless your total of all streams of income is under $400 or $500. I can't remember which exactly. Anyway, there are lots of deductions you can take including your domain names, hosting,business trips, business advertising,etc. Turbo Tax online makes it very easy for you. Plus I wouldn't worry about paying quarterly federal right now. You can do that next year depending on how much you make. You will get 1099′s from most people if you’ve made over $400 or $500. For the other income you still have to report it even if they didnt send you a 1099 unless your total of all streams of income is under $400 or $500. I can’t remember which exactly. Anyway, there are lots of deductions you can take including your domain names, hosting,business trips, business advertising,etc. Turbo Tax online makes it very easy for you. Plus I wouldn’t worry about paying quarterly federal right now. You can do that next year depending on how much you make.

]]> http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/comment-page-1/#comment-634 Elizabeth Tue, 04 Sep 2007 00:05:43 +0000 http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/#comment-634 Kristie-Thanks for the tips! Quickbooks, huh? Oh, and I can deduct office supplies? Which means I can indulge myself in my love of trips to Office Max? Sweet! Kristie-Thanks for the tips! Quickbooks, huh? Oh, and I can deduct office supplies? Which means I can indulge myself in my love of trips to Office Max? Sweet!

]]> http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/comment-page-1/#comment-633 Kristie Mon, 03 Sep 2007 20:22:31 +0000 http://momreviews.net/2007/09/02/self-employment-means-paying-your-own-taxes/#comment-633 I wouldn't sweat it too much. As far as I know, you didn't need to be paying quarterly if this is your first year out. Plus, some portion of your internet access, all of your hosting, and many other office supplies wil be deductible. Just keep track of it, and keep up with things so you'll be organized enough to file your returns on time!! I have a love hate relationship with Quickbooks! I wouldn’t sweat it too much. As far as I know, you didn’t need to be paying quarterly if this is your first year out. Plus, some portion of your internet access, all of your hosting, and many other office supplies wil be deductible. Just keep track of it, and keep up with things so you’ll be organized enough to file your returns on time!! I have a love hate relationship with Quickbooks!

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