photo credit: B Rosen
From our ongoing discussion of How to Do Your Taxes as a Freelance Filmmaker:
Filing taxes isn’t as intimidating as it may seem, but that doesn’t mean you won’t make a mistake.
When you’re filing as a freelancer for the first time (or the fifth), there are a few pitfalls you’ll want to steer clear of to avoid paying more than you need to or to avoid an audit from the IRS.
As prepared as you may feel and as confident as you may be, there’s always the chance of misunderstanding some part of the tax code and applying it incorrectly.
So today we’ll cover five specific pitfalls that are easy to fall into if you don’t know about them.