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SVTPerformance's Chain of Restaurants
Road Side Pub
Owned by the 1099
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<blockquote data-quote="FL-Orange" data-source="post: 7756667" data-attributes="member: 65694"><p>I also do consulting on the side, not so much this year but $20-30K each of the previous two years. I do not have a tax ID, basically work under my Social. I deduct a percentage of the house, cable, cell phone, I think computers and also take something on the vehicle. Previous to my wife getting a job with the county I also carried my own health insurance and I think that was partially deductible (or maybe any co-pays ect was).</p><p></p><p>I'm sure you do your own taxes well enough but I'd still go to an accountant. Look around and ask for referals, you might be suprised on how reasonable a good on can be. My accountant only charges me $300/yr, she keeps me current in what I can and cannot deduct and takes care of any paperwork obviously. I just drop her a big folder in January when I get my yearly stuff together. On top of that I can call anytime throughout the year for advice without charge.</p><p></p><p>It's peace of mind to have a professional maximize my tax experience, keep me legal and is there to answer to the IRS if I ever get audited. My friends brother was unknowingly deducting wrong for 3 years and he got reamed.</p></blockquote><p></p>
[QUOTE="FL-Orange, post: 7756667, member: 65694"] I also do consulting on the side, not so much this year but $20-30K each of the previous two years. I do not have a tax ID, basically work under my Social. I deduct a percentage of the house, cable, cell phone, I think computers and also take something on the vehicle. Previous to my wife getting a job with the county I also carried my own health insurance and I think that was partially deductible (or maybe any co-pays ect was). I'm sure you do your own taxes well enough but I'd still go to an accountant. Look around and ask for referals, you might be suprised on how reasonable a good on can be. My accountant only charges me $300/yr, she keeps me current in what I can and cannot deduct and takes care of any paperwork obviously. I just drop her a big folder in January when I get my yearly stuff together. On top of that I can call anytime throughout the year for advice without charge. It's peace of mind to have a professional maximize my tax experience, keep me legal and is there to answer to the IRS if I ever get audited. My friends brother was unknowingly deducting wrong for 3 years and he got reamed. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Owned by the 1099
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