I just started producing training videos for an online company. So as an independent contractor having filled out the w-9, am I entitled to any write-offs? For example, I'm traveling out of town this weekend to shoot a video; should I keep records of my travel expenses?
2006-09-12 03:33:00 · 2 answers · asked by Erutpar 1 in Business & Finance ➔ Taxes ➔ United States
Definitely - expenses for producing the income you'll have or plan to have will generally be deductible.
It would be a good idea to talk to a CPA to learn what types of expenses you'll be able to deduct. His/her advice will probably save you more than the fee.
2006-09-12 04:34:14 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You are entitled to deduct all expenses related to your business, including travel expenses, advertising, business cards printing, film, cameras, you get the idea...
2006-09-12 12:13:47 · answer #2 · answered by charleswear 2 · 0⤊ 0⤋