June,
What do I do if I have everything except one 1099 form from a client who is dragging their feet?
Claudia
Graphic Artist, Morongo Valley, CA
Dear Claudia,
You don't need the 1099 as long as you include the income on your tax return.
June
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Tax Consultant to the Self-employed
Simple, Money-Saving, Audit-Proof, Tax and Recordkeeping Basics for the Independent Professional .
Includes Worksheets for Your 2010 Tax Return
On Sale during These Hard Times
Information for all self-employeds -- independent, sole proprietor, 1099, sub-contractor, indie. Tax law and regulations have a profound impact on all of you. I am a practicing accountant. I post simple and easy-to-understand answers to complex tax questions asked by you -- my fellow indies. You will learn that tax savvy and recordkeeping know-how can save you time and money as well as lower your stress and anxiety level and help form the foundation of successful self-employment.
June Walker
Tax Consultant to the Self-employed
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About June Walker
- June Walker
- Santa Fe, New Mexico, United States
- Author, practicing accountant, workshop leader and seminar speaker -- been a tax and financial adviser to self-employed people since 1979. My talented and gifted clients work and live throughout North America and Europe. This diverse array of independent professionals, I call them indies, includes any one who works for him- or herself -- psychologists, carpenters, IT consultants, life coaches, bloggers, realtors, and attorneys. I also counsel a large number of people in the arts -- actors, writers, graphic artists, gallery owners and musicians. Before moving to Santa Fe in 1995 I had offices in New York and New Jersey. Over the years I have developed an educational approach to my work. Whether with clients or in writing and seminars I teach self-employed people that, although written for the corporate world, the tax laws and regulations can work to an indie’s advantage.
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Please note!
The purpose of this blog is to provide self-employeds with accurate and authoritative information about the business side of their indie ventures. All the information and opinion presented is for general information only and should not be acted upon without consulting your own tax professional.
4 comments:
Thank you June!
One more question. I SERIOUSLY bought an Eliptical (gym equipment) to help me release the stress build up that my job here at home requires. (i.e. sitting at the computer for up to 8 -10 hours at times in order to meet the deadline). Can I deduct that?
Claudia
Oh, Claudia, if only it were deductible, but it is not. If it were, next thing you know, accountants would be saying after a hard day of dealing with taxes and numbers, "I need a drink to relieve the stress. Hmmmm, can I write off the gin?"
How true! Oh well, it made sense to me! :)
Thanks again,
Claudia
You're welcome
-- June
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