Freelance Taxes 101 Becoming a freelancer can feel liberating — no boss, no time clock, and full control over your projects. But when tax season rolls around, that freedom can quickly turn into confusion. Suddenly, you’re responsible for things like self-employment tax, quarterly payments, deductions, and 1099 forms. If this is your first time managing … Read more
Self-employed tax vs freelancer tax Whether you call yourself a freelancer, consultant, or self-employed professional, one thing is certain — the IRS calls you a business owner. And that means your taxes work differently from traditional employees. Yet many new freelancers are confused: Is there really a difference between “self-employed tax” and “freelancer tax”?The short … Read more
How to Avoid IRS Penalties as a Freelancer If you’re a freelancer, few things are scarier than getting an unexpected letter from the IRS. Whether it’s about missed payments, late filing, or underreported income, penalties can add up fast — and eat into your hard-earned income. But here’s the good news: avoiding IRS penalties isn’t … Read more
What is a 1099-S If you’ve been freelancing for a while, you’re probably familiar with forms like the 1099-NEC and maybe even the 1099-K. But then — out of nowhere — you hear about Form 1099-S, and your brain instantly goes: “Wait, do I need to worry about that too?” Let’s break it all down … Read more