$400 Making Work Pay tax credit for US translators
Thread poster: LegalTransform

LegalTransform  Identity Verified
United States
Local time: 02:54
Member (2002)
Spanish to English
+ ...
Dec 24, 2009

Does anyone know if self-employed freelance translators can take the $400.00 Making Work Pay stimulus tax credit for 2009?

http://www.irs.gov/newsroom/article/0,,id=204447,00.html


 

Sara Senft  Identity Verified
United States
Local time: 02:54
Spanish to English
+ ...
It sounds like it Dec 24, 2009

It sounds like we can. Self-employed people are eligible, but it could throw off quarterly estimated tax payments. (For those of us who do make quarterly payments.)

 

sokolniki  Identity Verified
United States
Local time: 01:54
English to Russian
+ ...
But the $400.. Dec 24, 2009

..is still to be reduced by the $250 of stimulus check, correct?

 

LegalTransform  Identity Verified
United States
Local time: 02:54
Member (2002)
Spanish to English
+ ...
TOPIC STARTER
Stimulus / Tax Matters Dec 26, 2009

I think that they purposely make the tax code complicated so that you just give up.

At any rate, yes, I think that people over a certain age did receive a $250 stimulus bonus which is to be deducted from the $400.

There just have to be a lot of accountants/translators on this site from various countries. It would be excellent indeed if Proz.com would offer one representative from each country free membership in exchange for moderating/participating in a corresponding tax consultation forum.

sokolniki wrote:

..is still to be reduced by the $250 of stimulus check, correct?


 

LegalTransform  Identity Verified
United States
Local time: 02:54
Member (2002)
Spanish to English
+ ...
TOPIC STARTER
Estimated Taxes Dec 26, 2009

That's why I'm trying to figure this out before the January 15 payment is due.

Sara Senft wrote:

It sounds like we can. Self-employed people are eligible, but it could throw off quarterly estimated tax payments. (For those of us who do make quarterly payments.)


 

Maria Karra  Identity Verified
United States
Local time: 02:54
Member (2000)
Greek to English
+ ...
and the verdict is? Jan 23, 2010

Was anyone able to find more information on this? Are we eligible or not? The information given by the IRS online is so vague!

 


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$400 Making Work Pay tax credit for US translators

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