#2489 - Q&A: “Tax advice for new freelancers…”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 25 October 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Tax season can be a nerve-wracking time, especially when juggling a side hustle. Tune in to learn the single most important piece of tax advice that could save you from getting into trouble with the IRS.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello, hello. Welcome back to Side Hustle School. My name is Chris Gellipo. Have the privilege |
| 0:16.1 | and honor of being your host. In today's episode is an important one. It could save you |
| 0:20.5 | from a dreaded tax headache or at least make things easier when it comes to taxes. Nobody |
| 0:26.3 | likes taxes, of course, but it's how the world works. So even if you live in a different |
| 0:31.1 | country or jurisdiction, obviously there's some variance and such. But I'm going to try |
| 0:35.1 | to give you some advice that I think is helpful and applicable to most people, let's say. |
| 0:41.0 | So we're going to hear from Leon in New York City. He's been successfully running his freelance |
| 0:45.6 | business on the side, but now it's kind of like, oh, you know, it's good that I'm making |
| 0:49.9 | money, but what do I need to do about this? In his case, you know, he realized he had no |
| 0:55.2 | idea how to handle the tax implications of his extra money. So regardless of where you live, |
| 1:00.9 | regardless of your type of side hustle or business, what is the single most important advice that |
| 1:06.1 | can save you from getting into trouble? Well, I've got it for you. It's actually pretty simple, |
| 1:10.8 | and it can make a big difference in your life, your quality of life, as well as your business. So |
| 1:15.6 | I'll bring that to you in just 30 seconds. Quick shout out to our sponsor. |
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| 1:59.6 | Hey Chris, I'm Leon from New York City, and I've been running a freelance business |
| 2:03.4 | on the side for about a year. When tax season came around, I realized I had no idea how to handle |
| 2:08.6 | the tax implications of my additional income. What's the single most important tax advice |
... |
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