http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-38929 jamie slay Sat, 02 Apr 2011 14:38:37 +0000 http://www.mytwodollars.com/?p=1765#comment-38929 What if your blog only made about $7 last year? Does that count as a business? What if your blog only made about $7 last year? Does that count as a business?

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-36357 tax 2010 Sun, 25 Apr 2010 03:37:55 +0000 http://www.mytwodollars.com/?p=1765#comment-36357 Thanks for the info... Im new to being selfemployed and I need all the help I can get. Thanks for the info… Im new to being selfemployed and I need all the help I can get.

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-31267 'Self-Employed Tax Solutions' - Book Review & Discount Price For Readers. | My Two Dollars Wed, 28 Jan 2009 16:31:18 +0000 http://www.mytwodollars.com/?p=1765#comment-31267 [...] someone else, and I needed to learn how to start thinking like a small-business owner. What could I write off on my taxes? What kind of taxes would I owe? How should I keep my records? Well, this book covers all this and [...] [...] someone else, and I needed to learn how to start thinking like a small-business owner. What could I write off on my taxes? What kind of taxes would I owe? How should I keep my records? Well, this book covers all this and [...]

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-31216 david Sun, 25 Jan 2009 16:43:54 +0000 http://www.mytwodollars.com/?p=1765#comment-31216 No, the more you deduct the lower your tax bill is. If you are self employed, and have not paid quarterly estimated taxes all year, you will owe all your taxes plus late penalties, on April 15th. Deductions just reduce your taxable income, they don't increase your refund. No, the more you deduct the lower your tax bill is. If you are self employed, and have not paid quarterly estimated taxes all year, you will owe all your taxes plus late penalties, on April 15th. Deductions just reduce your taxable income, they don’t increase your refund.

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-31215 jozie Sun, 25 Jan 2009 16:40:30 +0000 http://www.mytwodollars.com/?p=1765#comment-31215 I am self employed.. I have about 14,000 .. is it the more i deduct the bigger the return? Im confused I am self employed.. I have about 14,000 .. is it the more i deduct the bigger the return? Im confused

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-30777 Year End Tax Moves | Cash Money Life Mon, 22 Dec 2008 10:54:20 +0000 http://www.mytwodollars.com/?p=1765#comment-30777 [...] Qualified business expenses. If you have your own business, you can write off certain expenses. As long as you pay your expenses by the end of the year, you can write it off next year. This would include things like prepaying for webhosting, buying a new computer, paying for advertising, or other qualified business expenses. [...] [...] Qualified business expenses. If you have your own business, you can write off certain expenses. As long as you pay your expenses by the end of the year, you can write it off next year. This would include things like prepaying for webhosting, buying a new computer, paying for advertising, or other qualified business expenses. [...]

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-30313 david Fri, 21 Nov 2008 15:45:14 +0000 http://www.mytwodollars.com/?p=1765#comment-30313 Yes, you can, according to tax law. Yes, you can, according to tax law.

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-30312 Grillinfool.com Fri, 21 Nov 2008 15:40:20 +0000 http://www.mytwodollars.com/?p=1765#comment-30312 So I just started a grilling blog/website. I'm wondering if I can deduct the food that I cook which I document the process on the site? As well as say grill gadgets and maybe charcoal and smoke wood and the like.... So I just started a grilling blog/website. I’m wondering if I can deduct the food that I cook which I document the process on the site? As well as say grill gadgets and maybe charcoal and smoke wood and the like….

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-30128 Fabulously Broke Tue, 11 Nov 2008 15:18:04 +0000 http://www.mytwodollars.com/?p=1765#comment-30128 This is incredible! Thanks. I knew about 50% of the list but it's nice to have a complete one This is incredible! Thanks. I knew about 50% of the list but it’s nice to have a complete one

]]> http://www.mytwodollars.com/2008/11/10/tax-deductions-for-bloggers-the-self-employed/#comment-30126 david Tue, 11 Nov 2008 14:54:44 +0000 http://www.mytwodollars.com/?p=1765#comment-30126 "we distribute the earnings from the LLC (most of them go to my husband, who is my partner). " I work full time as a blogger, but what you said about your situtation makes a difference and probably a good reason to have an LLC. I operate as a SP and on a cash basis - so any money that comes in is my income, no matter where it goes. It works out well for me and an LLC would not be beneficial in my situation at all. “we distribute the earnings from the LLC (most of them go to my husband, who is my partner). ” I work full time as a blogger, but what you said about your situtation makes a difference and probably a good reason to have an LLC. I operate as a SP and on a cash basis – so any money that comes in is my income, no matter where it goes. It works out well for me and an LLC would not be beneficial in my situation at all.

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