The name and location of expense

Amount paid

Date and time

Company expense was incurred for

If an entertainment or food expense: person you entertained or dined

If an entertainment or food expense: discussion you had

2. Where You Live Vs. Your Income

If you live in a very high-income area, but you only claimed that you earned $15,000 that year, this is a red flag for an audit. The IRS will want to know how you spread $15,000 out to pay all your bills. Unless you live with your mother who pays mortgage or rent, there's no way that you could survive in Aspen on this income... and IRS knows it!

Also, if your income is much lower than last year's taxable income, this IRS will wonder where you're hiding money, and will want to investigate.

3. Avoid Inconsistencies

If there are inconsistencies, IRS will catch them. Be sure to file same information on your federal taxes that you filed on your state returns.

4. Don't Make Mathematical Mistakes

If IRS's computer system catches mathematical mistakes on your forms, a person will take a look at your returns personally. This is more attention than anyone wants spent on their tax forms, so make sure your math is correct before you file.

5. File a Neat Return

I recommend typing up or "efiling" your returns. If your returns are hard to read, you might have to translate your returns over phone or in person.

6. Report All Your Income

It sounds like common sense, but some people are tempted to be dishonest. Your clients must issue you and IRS a 1099 when you are paid over $600. This means that government knows what you were paid on each job. Report right amount on your taxes to avoid an audit.

Article submitted by http://www.Allfreelancework.com - 1000s of freelance jobs, articles, and resources.

5. Will This Gig Help Build Your Contact List? - If taking this gig gets you in good with a few other contacts, then taking this job on is probably a good thing. Do your best on this job and soon it will lead to new opportunities. A gig that helps your networking efforts is very worthwhile.

6. Will This Job Lead to Widespread Exposure of My Services? - There are some gigs that don't pay well, but that lead to wide exposure. For example, designing a website that you feel is going to be big some day, or writing a column for a big website. Certain gigs will lead to a great exposure of your talents and will lead to a new influx of clients.

7. Does This Job Interest You? - If you feel this job will bring you great joy and excitement, take job on.

Take a look at all of above considerations. Ideally, a gig will encompass all seven of these considerations, but in reality this rarely happens. If not even one or two of these is true, turn down job. Good Luck.

Article submitted by Allfreelancework.com You have permission to copy this article ONLY if you include following blurb:

http://www.Allfreelancework.com - 1000s of freelance jobs, articles, and resources.