Dana
Candace Cottrell writes:
> Still kinda confused, but here is what I think I need to do when tax time comes.
>
> Get all receipts and invoices together for any web work I've done, as well as any money I've spent to further the business (like software, books, etc).
>
> Take them to H&R Block.
>
>
> Candace K. Cottrell, Web Developer
> The Children's Medical Center
> One Children's Plaza
> Dayton, OH 45404
> 937-641-4293
> http://www.childrensdayton.org
>
>
> [EMAIL PROTECTED]
>
> >>> [EMAIL PROTECTED] 10/17/2003 10:35:51 AM >>>
> You do not HAVE to incorprate. You may want to. For a variety of reasons.
>
> what Kevin said seems right to me, except that the major difference in my
> mind is that you get to calculate your social security payment yourself (oh
> joy) and file a schedule C. Or maybe it just seems that way because I keep
> doing this one over and over again :) can't figure out what I am supposed
> to do with the equipement expenses. But enough whining.
>
> If you are asking at what point you have to report the income separately it
> is $400 and I know that for a fact. Also, if you had two different gigs in
> the same type of work and one made you less and the other one made you more
> you dont just report the one that made more. It is $400 total in the same
> type of work. That answer is fresh off the IRS hotline.
>
> Dana
>
> Kevin Graeme writes:
>
> > Don't hold me to this, but I think they are apples and oranges. AFAIK, a
> > freelancer can be incorporated. It used to be that most freelancers
> > registered as a sole-proprietership, but now that there is the LLC (Limited
> > Liability Corporation) I think that's becoming more popular.
> >
> > The apple to apple comparison for Freelance is Work For Hire. It's the
> > business relationship with the company for whom you do work. Freelance means
> > that you're responsible for all the taxes and such, but you also keep
> > Copyright. Work For Hire means they have you fill out a W-9 and effectively
> > put you on their payroll and everything you create is then owned by them.
> >
> > I'm sure Dana or someone will chime in though to tell me I'm wrong.
> >
> > -Kevin
> >
> >
> > ----- Original Message -----
> > From: "Candace Cottrell" <[EMAIL PROTECTED]>
> > To: "CF-Community" <[EMAIL PROTECTED]>
> > Sent: Friday, October 17, 2003 8:35 AM
> > Subject: Freelancing vs. Home based business
> >
> >
> > > When does freelance work become a home-based business that you have to
> > > incorporate, etc? How are taxes different for freelance/odd jobs vs. a
> > > full-fledged business?
> > >
> > > Candace K. Cottrell, Web Developer
> > > The Children's Medical Center
> > > One Children's Plaza
> > > Dayton, OH 45404
> > > 937-641-4293
> > > http://www.childrensdayton.org
> > >
> > >
> > > [EMAIL PROTECTED]
> > >
> > >
> >
>
>
>
>
>
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