How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Shane-CPA Your Own Question

Shane-CPA
Shane-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 265
Experience:  Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant
71228106
Type Your Tax Question Here...
Shane-CPA is online now
A new question is answered every 9 seconds

I am a very small Independent photographer that over one year

Resolved Question:

I am a very small Independent photographer that over one year as made about 1,500 only. how do I pay taxes
Submitted: 1 year ago.
Category: Tax
Expert:  Shane-CPA replied 1 year ago.

Shane-CPA :

Hello...my name is XXXXX XXXXX I am a Certified Public Accountant. I look forward to helping you with your tax question.

Shane-CPA :

You would be considered self-employed as a sole proprietor. You will claim the income on Schedule C when you file your personal tax return. Any expenses associated with this income would also be included on Schedule C and your tax liability on the business will be based upon the net income.

Customer:

Hi, Shane. As I stated in the question I am a very small independent photographer that over one year has made about 1,500 only. How do I pay taxes and do I need to file?

Customer:

or less not really sure how much. I have do alot of pictures for free!

Shane-CPA :

You would be considered self-employed as a sole proprietor. You will claim the income on Schedule C when you file your personal tax return. Any expenses associated with this income would also be included on Schedule C and your tax liability on the business will be based upon the net income.

Customer:

tax Liability?

Shane-CPA :

meaning...for example...if you made $1,500 in profits....you would pay tax on that amount. However, you may have deductions that would reduce this amount or result in you paying 0 taxes.

Customer:

Oh WoW! Could you explain what possiable deductions might be:) so sorry really green on this

Shane-CPA :

No problem...for the business, expenses could include items such as subscriptions/books for photography, film, editing software, membership dues, office supplies, office rent, utilities, business telephone, etc.

Shane-CPA :

for personal deductions you would have your personal exemption and standard deduction (or itemized deductions if higher)...

Customer:

Oh Ok! so do I have to get a tax id in order to get deductions and do i save reciets too?v Tax ids are expensive and I dont make that much money

Shane-CPA :

No you won't need to get a tax id. As a sole proprietor on Schedule C you will operate using your social security number. You will definitely want to save receipts as these are your evidence to the IRS should you ever be audited that you actually incurred these expenses.

Customer:

OH! OK! good! so do i need to file as a late tax or do it for next year? I dont know?

Shane-CPA :

you will include all of your 2012 income and expenses when filing your personal tax return in 2013. You have until April 15th, 2013, to file your personal tax return and pay any tax, if you owe any tax...

Customer:

ok good! I started on dec. 2012 so I will need to do this for march 2013?

Shane-CPA :

Since you started in 2012, you can file your tax return anytime between January 1st, 2013 and April 15th, 2013.

Customer:

Ok great! just to understand perfectly I go on my personal income tax under section C and regester my little company and see how much I own. than pay it or indicate if I have any expense on it like lighting equipment and props or lens.

Shane-CPA :

Correct...if you use a tax software such as Turbo Tax it will help walk you through where to input your income and expenses by category.

Customer:

great I really was scared that this was going to be really complicated! Thanks Shane Ok thanks again and I think that covers it!:0)

Shane-CPA :

You're very welcome! Thank you for allowing me to assist you. If you are completely satisfied with the service I provided you today, please provide me with positive feedback so that I may receive credit for my response. If you feel exceptional service was provided, bonuses are greatly appreciated. If I can be of further assistance, please let me know. Have a great day!

Customer:

you too!

Shane-CPA :

Thank you =)

Shane-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 265
Experience: Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant
Shane-CPA and 5 other Tax Specialists are ready to help you
Expert:  Shane-CPA replied 1 year ago.
Hi...This is Shane CPA from Just Answer. I assisted you with your question a few days ago. I wanted to follow up with you to see if my response has met your needs and if there are additional questions I can help you with.

Please let me know if I can be of service to you at any time!

I look forward to hearing from you!

Best Regards,
Shane, CPA

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.