Monday, February 9, 2009

Blogging the Write Way: A Word to the Wise About Taxes

It's February 8th, 2008, and of all the companies for which I have done sponsored posts this last year, I am sitting here with a single 1099.

To be fair, according to my calculations, I should only expect one from three of the 10+ companies for which I did work, but that only bolsters my point: you need to keep records of your earnings and not rely on the companies to do so for you. I could have already filed my 2008 taxes, had I done so.

I tried to bring you some information on how to file taxes on your blogging business last year, but really didn't learn too much to tell you. On the one hand, it might be best to hire someone to do your taxes for you; OTOH, unless you are expecting a sizable return, you could end up spending money where you don't need to.

I will let you know more as I find it out this year.

© C Harris Lynn, 2009

1 comment:

  1. One of the most confusing things is that you file as a sub-contractor, but you technically run your own business, so I'm not clear on what all you can take as deductions. I'm still learning what deductions I can take, anyway!

    Regardless, I realize I took far fewer deductions last year than I could have... meaning I could have gotten a whole lot more than $300 back... which makes me depressed.