Thread: Tax write offs
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Old Wed Jan 30, 2008, 02:01am
jmaellis jmaellis is offline
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Join Date: Dec 2006
Posts: 155
I've used H&R Block software for the past couple of years to complete my Schedule C. I've found that their explanations regarding what can/can't be deducted to be fairly straight forward and easy to follow. When all is said and done I paid about $14 in self employment tax.

I didn't receive a single 1099 last year, but I reported ALL my referee income. In turn I took all the credits/deductions that were allowed and still came out okay. It's much better to just report it properly and take the deductions than to not report the income (and since you didn't report the income you can't claim the deductions) and risk and audit.
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