Showing posts with label audit red flag. Show all posts
Showing posts with label audit red flag. Show all posts

Monday, January 11, 2010

Work at Home To Do List

  1. Write the Mahalo rush How-to that I accepted.
  2. Print my CAHSEE schedule for ETS.
  3. Apply to Demand Studios
  4. Apply to About.com
  5. Write the article I accepted from eCopywriters that is due at 1:30 today.
  6. Return the favor for all my eHow and Squidoo friends that comments.
  7. Fix my Squidoo Lens 101 Best Websites for the Freelance Writer. The plexo voting tool went haywire and I lost half my links.
  8. Set up links in this Squidoo lens: 9 Questions Every Freelance Writer Should Know Before Writing for a Website
  9. Edit rejected Info Barrel article to be at least 400 words.
  10. Finish 12 3 Squidoo lenses to become a Giant Squid:
  • lens roll them
  • add more content
  • check the health stats and edit as needed
  • link them all to my other lenses through the Discovery Tool.

Sunday, January 10, 2010

Common Tax Deductions for the Freelance Writer

  • Office space in your home (calculated as a percentage, in square feet, of your whole house). This percentage is then used to determine what percent of property taxes, insurance, and mortgage payment you can deduct as a business expense.
  • Computer(s)
  • Research Material
  • Part of your utility expenses
  • Internet expenses
  • Travel Expenses to Conferences
  • Website Expenses
  • Services Purchased (such as website design or hosting)
  • Software
  • Medical insurance
Remember if you continue to show a loss, year after year, the IRS considers your business a "hobby," rather than a business for profit. Deductions can not be taken from "hobby income." Also, year after year business losses are an audit red flag.

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