Description

If you earn money selling your words to websites and other publishers, the Internal Revenue Service will likely say you're a small business owner. Freelance income is self-employment income, and so are any royalties you receive for that book you published or self-published. That can be a good thing because the self-employed are privy to some tax perks that employees don't usually receive.
A lot of what you hear on public websites and informational blogs is biased. A lot of the sales gimmicks and sales pitches to sell you a particular business opportunity are going to be self-serving and sometimes distorted. We offer you only a glimpse into this industry and would suggest further reading and research on your part before you jump in. If you are already in the pool, keep your eyes and ears open for the latest developments, trends, and industry standards. Not only is the Internet changing things, but Business in itself is also an ever-changing market. The Tax discussions are taken directly from the IRS code, Department of Treasury Bulletins, and publications as well as first-hand knowledge from working within the system for years.