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LegalTranslatr2 United States Local time: 18:17 Portuguese to English + ...
Apr 11, 2008
This is great site offering tax tips for translators in the US written by a former H&R Block employee who prepared actual tax returns for freelance translators. The author provides a complete scenario involving the work of a fictitious translator (ex. Mary earns 55,000 and pays $15,000 in income tax without deductions and $10,000 with deductions). The articles originally appeared in the ATA Chronicle:
Don't worry, all the standard business deductions (health premiums, 1/2 of self-employment tax, etc.) are now reported on a separate form (tentatively called Schedule 1) and the total from that form is entered onto the 1040 form. Link to draft of schedule 1: https://www.irs.gov/pub/irs-dft/f1040s1--dft.pdf
So basically, they have just taken lines off the main form and made sepearate forms (6 of them) for everything and this is somehow more convenient.
[Edited at 2018-11-01 21:33 GMT]
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