Solved: IRS and service fees

cmorrisodesk · ‎03-10-2018

Okay, I think I have it figured out now. Sorry for the bother. Thanks for the tips.

tlsanders · ‎03-10-2018

Chad, you're doing it all wrong.

Imagine that the clients paid you $20,000 and then you paid Upwork $2,000 (because that's exactly what happened, even though you don't see it)

Would we even be having this conversation?

It sounds like you're mixing personal deductions and business, and you don't seem to understand that you need to file Schedule C (which means you may be unaware of self-employment taxes in addition to missing deductions)

You should really get help with this before you either pay a lot of money unnecessarily or inadvertantly commit tax fraud.

View solution in original post

tinker_bell3 · ‎03-10-2018

Hi Chad,

We would suggest that you please consult with a local tax advisor so that you will be assisted accordingly about this issue. You may want to check out this help article about reporting your income from Upwork. Thanks!

~ Joanne

petra_r · ‎03-10-2018

deleted.

tlsanders · ‎03-10-2018

Chad, you're doing it all wrong.

Imagine that the clients paid you $20,000 and then you paid Upwork $2,000 (because that's exactly what happened, even though you don't see it)

Would we even be having this conversation?

It sounds like you're mixing personal deductions and business, and you don't seem to understand that you need to file Schedule C (which means you may be unaware of self-employment taxes in addition to missing deductions)

You should really get help with this before you either pay a lot of money unnecessarily or inadvertantly commit tax fraud.