Monthly Archives: July 2015

Working with your hands to create a final finished product that is functional and well-crafted can really give you a great sense of accomplishment. It’s even better if you get paid for it. As an employee assembler, you will receive a Form W-2 from your employer at tax time. This form will document your wages […]

You make your living by performing in front of others, be it through song, dance, spoken word, or some other medium. If you work for a specific venue, you may receive a Form W-2, as they would be considered your employer. However, if you freelance or receive payments from someone you don’t work for regularly, […]

Student? Get a Tax Education

Just because you are a fulltime student doesn’t mean you are automatically exempt from filing a tax return or reporting your income. If you didn’t have enough withheld during the year, you may owe a surprising amount of taxes. If you don’t have to file a return, you still should, as you may be entitled […]

Forklift Drivers Find Deductions

Not everyone can drive and operate a forklift. It takes a special skill, training, and an extra cautious mindset to be a safe forklift driver. When it comes to taxes, forklift operators have to know how to drive their way through a rigorous tax code. However, with a little extra help, tax time for forklift […]

On the off chance that you work in security or as a prison guard or correctional officer, you will be supplied Form W-2, Wage and Tax Statement, from your employer. Payments made to you for rendering security services outside of your regular employment may be considered self-employment income and is reportable on Schedule C, Profit […]

Salesperson

Making your living in sales can mean you rely on commissions just as much as your normal wages. At tax time, you will receive a Form W-2, Wage and Tax Statement from your employer. As a salesperson, you may be classified as a statutory employee. Generally, statutory employees have Box 13 of their W-2 checked, […]

Journalism Related Tax Deductions

Journalists have an important job in reporting the current events and other newsworthy stories to the public. When it comes time for taxes, it’s important for those who work as a journalist or media professional to know what to expect. You will receive a Form W-2 from your employer which will document the amount you […]

Once you’ve put your day job behind you, and settled into the sweet life of retirement, it doesn’t mean tax time has come to an end. Likely, you’ll receive a Form SSA 1099, Social Security Benefit Statement (or RRB – 1099 if you are in Railroad Retirement). If you have additional income, your benefits may […]

Cooking Up Tax Deductions

As a chef, you may earn income both as regular pay and tips or bonuses. The tips you report to your employer are listed in Box 1 of your Form W-2, Wage and Tax Statement. They will be added to your regular earning. Even though you don’t have to report tips totaling less than $20 […]

Tax Time Deductions for Custodians

Are you employed as a custodian? As well as cleaning and organizing your employer’s business, you’ll need to do the same to your expenses come tax time if you want to save the most money. Your employer will send you a Form W-2, Wage and Tax Statement, provided you work for the company and are […]