Two part time jobs tax - If an item is determined to have a useful lifetime of 3 years and costs ,000, the irs will allow you to expense, or deduct, 1/3 of the cost of the item for each of the three years after you purchase it and start using it. If your past work involved some aspects of working with websites or design, or, even if any of your past work required you to learn to code to improve your overall skills, you might be able to deduct these educational costs. There are business records to be set up and maintained, forms to be filed throughout the year, payments to be made at different times, and numerous forms to be filled out and attached to my personal income tax form. !I asked tax attorney andrew zaikis – a former criminal tax prosecutor with the massachusetts attorney general's office and currently a senior tax counsel with the massachusetts department of revenue, plus our very own leslie zaikis's dad!
Do you work for an employer but also work for yourself? This short video will help you make sure your tax affairs are in order.