Tag Archives: Schedule C
When you work in the professional media circuit, such as a news reporter, you likely don’t mind being in the spotlight. However, you never want to attract the attention of the IRS for failure to file a correct tax return. Media professionals who work for a company ona regular basis and are considered an employee […]
— Read moreAs an electrician or other tradesman, you will receive Form W-2, Wage and Tax Statement, from your employer. Payments that you get for services you provide outside of your employer, may be considered pay from self-employment and reportable on Schedule C, Profit or Loss from Business. Independent income would incorporate payments received for introducing overhead […]
— Read moreNo matter what type of skilled trade you work in, whether you are a computer service technician, a mechanic, a laborer, or any other job which requires a unique skill-set, you may be able to reduce the amount of taxes you owe each tax year by claiming certain deductions. If you work for a specific […]
— Read moreAs a security specialist, your job is to provide safety and asset protection. You may also work in corrections, ensuring the logistics of those incarcerated. At tax time, you don’t want to be lax on the deductions you can take. You’ll receive a Form W-2 from your employer which will document your income and tax […]
— Read moreYou make your living by performing in front of others, be it through song, dance, spoken word, or some other medium. If you work for a specific venue, you may receive a Form W-2, as they would be considered your employer. However, if you freelance or receive payments from someone you don’t work for regularly, […]
— Read moreNot everyone can drive and operate a forklift. It takes a special skill, training, and an extra cautious mindset to be a safe forklift driver. When it comes to taxes, forklift operators have to know how to drive their way through a rigorous tax code. However, with a little extra help, tax time for forklift […]
— Read moreOn the off chance that you work in security or as a prison guard or correctional officer, you will be supplied Form W-2, Wage and Tax Statement, from your employer. Payments made to you for rendering security services outside of your regular employment may be considered self-employment income and is reportable on Schedule C, Profit […]
— Read moreMaking your living in sales can mean you rely on commissions just as much as your normal wages. At tax time, you will receive a Form W-2, Wage and Tax Statement from your employer. As a salesperson, you may be classified as a statutory employee. Generally, statutory employees have Box 13 of their W-2 checked, […]
— Read moreJournalists have an important job in reporting the current events and other newsworthy stories to the public. When it comes time for taxes, it’s important for those who work as a journalist or media professional to know what to expect. You will receive a Form W-2 from your employer which will document the amount you […]
— Read moreAre you employed as a custodian? As well as cleaning and organizing your employer’s business, you’ll need to do the same to your expenses come tax time if you want to save the most money. Your employer will send you a Form W-2, Wage and Tax Statement, provided you work for the company and are […]
— Read more
