Media

When you work in the professional media circuit, such as a , you likely don’t mind being in the spotlight. However, you never want to attract the attention of the for failure to file a correct . Media professionals who work for a company ona regular basis and are considered an employee of the entity will receive a Form , Wage and Tax Statement, which documents the you earned through the tax year. If you are a freelancer, you may be considered .

Self employed media professionals won’t receive a W-2, but can instead expect a Form , Misccellaneous Income. This form will document your , and any net earnings over $400 are subject to . You may have to make on a quarterly basis to cover the amount of self-employment income you report on .