Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 02-26-2012, 02:16 PM
Junior Member
 
Join Date: Feb 2012
Posts: 2
Working From Home

Me and my fiance are artists who take commissions to make digital art for people. It was just a small side thing, less than 500 a year (more like 200 if we were lucky), but then we got into advertising it last month and now business is booming to the point we're making more off of it than our full time jobs.

So, now comes the time to start worrying about taxes. We've started keeping all receipts that have to do with art expenses. Should we register as a home business? Is it mandatory or merely advantageous? Is there anything we should know that we probably don't?

I'm completely new at this... I know nothing about tax law or registering as a home business... and I barely muddle through my usual yearly income taxes.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
I live in De but will be working in NJ mdtoliver82 Delaware 0 07-05-2010 08:56 AM
Working Overseas firstbychoice Filing Requirements 0 04-22-2010 04:18 AM
Working from home foxy842 Itemized Deductions 0 02-19-2010 02:31 PM
From PA working in NY jmm765psu Pennsylvania 1 08-05-2009 08:58 AM
Working from home tax question (multi state) superlover Income 0 03-02-2009 01:35 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.