BFS Newsletter #119 - Taxes Are Wasting My Time

Hi <<First Name>>!  Can you believe the first month of 2014 is almost over?!  It's a little worrying how fast time flies.  Anyway, with 2014 comes the beginning of dealing with taxes.  We sent in our quarterly estimated taxes, and then we needed to tackle a few self-employment questions. 

I'll be covering one of them next week:  Do you have to send 1099-Misc forms to everyone if you divvy up campaign dough like we do?  Not if you use Paypal thanks to their 1099-K, which will be sent to anyone who receives more than $20,000 a year in 200 transactions or more .  It only took 2.5 hours to finally get this verified by an IRS rep.  It saved us from needing to send out 120 tax forms, so it was totally worth it.

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Ask Crystal

Crystal
newsletter@budgetinginthefunstuff.com  

P.S.  Remember that you can ask me anything, anytime at budgetingfunstuff@gmail.com!