Thursday, April 08, 2010
Someone asked this question on Twitter and I decided to answer it too.
Since I am self-employed I have to pay a self-employment tax so that means that I really don't get a tax refund. )-:
The money that I earn from my grant research, my Google Adsense income and my ebooklets all have to be reported and I have to pay a tax on that income. Since it isn't automatically take out I have to take it out and account for it myself.
This may seem like one of the more bad aspects of working for one's self but it is something that I would still rather do than to work for someone else!
It also makes filling out my tax forms a little bit more complicated because there is more than just the simple 1040 form that I have to fill out. But I'm happy to say that I am almost finished with filing my tax returns. I have already sent in 2 of the 3 that need to be done and the third on I just have to stick the forms in an envelope and mail them before the 15th! So I'm almost done!