Country-specific forums » Translation in the US »
Pages in topic:   < [1 2]
Setting up as Freelance in Florida USA
Thread poster: Paul Rankin
Post removed: This post was hidden by a moderator or staff member for the following reason: Hidden per poster's request
LEXpert
LEXpert  Identity Verified
United States
Local time: 06:24
Member (2008)
Croatian to English
+ ...
No 1099, no worries. Report the income anyway Jan 20, 2014

SEA-words wrote:
What should I do if my client refuses to provide Form 1099?

Step 1. Relax. The IRS doesn't care whether you receive the 1099 or not.
Step 2. Come tax time, you report the income as you normally would.

As long as you've reported the income, you won't have any problems.
OTOH, if you *did* receive a 1099 and didn't report the income, that might be another matter.

Paul Rankin wrote:
Do you use your personal bank account or a business account for payments? If you are only using your personal account, have you ever run into problems with this regarding tax issues?
Thanks again


A business account is optional for a sole proprietorship. There are no tax drawbacks relating to using a personal account, but a separate account may make bookkeeping easier for you and/or your accountant.
Business accounts are required for corporations.

[Edited at 2014-01-20 03:50 GMT]
 
pcs_MCIL
pcs_MCIL
English to Italian
+ ...
Thank you Jan 20, 2014

Thank you, Rudolf, your prompt help is much appreciated!
 
Pages in topic:   < [1 2]


There is no moderator assigned specifically to this forum.
To report site rules violations or get help, please contact site staff »


Setting up as Freelance in Florida USA







TM-Town
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »
Wordfast Pro
Translation Memory Software for Any Platform

Exclusive discount for ProZ.com users! Save over 13% when purchasing Wordfast Pro through ProZ.com. Wordfast is the world's #1 provider of platform-independent Translation Memory software. Consistently ranked the most user-friendly and highest value

Buy now! »