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lifestyle:expenses [2020/05/15 12:00]
frater_secessus [self-employment]
lifestyle:expenses [2020/05/15 12:02]
frater_secessus [federal income tax ramifications]
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 Also in this section: ​ Instragrammers and trustafarians((kids with trust funds)) who are able to pawn off expenses onto tax writeoffs, sponsorships,​ or family trusts. Also in this section: ​ Instragrammers and trustafarians((kids with trust funds)) who are able to pawn off expenses onto tax writeoffs, sponsorships,​ or family trusts.
  
-===== income tax ramifications =====+===== federal ​income tax ramifications =====
  
 [note: ​ this is not tax advice, do your own research] [note: ​ this is not tax advice, do your own research]
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 Even if filing isn't required, it may be a good idea since it starts the IRS 3 year statute of limitations timer on audits.((https://​www.marketwatch.com/​story/​do-i-need-to-file-my-taxes-2015-02-10)) Even if filing isn't required, it may be a good idea since it starts the IRS 3 year statute of limitations timer on audits.((https://​www.marketwatch.com/​story/​do-i-need-to-file-my-taxes-2015-02-10))
 +
 +[[lifestyle:​domicile|State of domicile]] will affect whether or not you pay state income tax.
 ==== unearned income ==== ==== unearned income ====
  
lifestyle/expenses.txt ยท Last modified: 2020/05/15 12:02 by frater_secessus