Taxes When You Telecommute

Many times when you are hired for a telecommuting position you are hired as an Independent contractor (you can read more about what an independent contractor is here).

It may be best to set up an appointment with your tax accountant or visit the http://www.irs.gov site for information on claiming your taxes. Some questions you should keep in mind are:

How will being an independent contractor affect your overall tax situation?
Do you need to set up quarterly tax payments?
What equipment and/or supplies are tax deductible?
Do you need to set up a business checking account? If yes, what is required in the county that you reside in?

Most importantly please be sure you keep all receipts when you purchase equipment/supplies needed to work. And also make sure you keep all your contracts and pay stubs so you will have them when tax time rolls around!

TeleMoms wishes you many successes in finding the right job your you!

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