I've been working with Victory Tax Law now for over 2 years and I couldn't be happier. It’s rare to find a firm that combines professionalism with genuine care, but they do. I can always count on them to do a stellar job because they've always had my best interests in mind.
Tax Preparation for Self-Employed Individuals and Freelancers
Learn tax preparation for self-employed individuals and freelancers, covering income reporting, deductions, estimated taxes, and recordkeeping.
Frequently Asked Questions
How do I determine whether I am considered self-employed for tax purposes?
A1: You are generally considered self-employed if you run your own business or provide services as an independent contractor. It’s essential to report all self-employment income on your tax return.
Can I deduct business-related meals and entertainment expenses?
A2: The tax code allows for some deductions for business-related meals and entertainment expenses, but there are specific rules and limitations. Keeping detailed records is essential.
Are there any tax advantages to setting up a formal business structure, such as an LLC or S-corporation?
A3: Choosing the right business structure can provide various tax advantages, such as pass-through taxation or liability protection. It’s essential to evaluate your specific situation and consult with a tax professional or legal expert to make an informed decision.
Can I claim a deduction for my home office if I work from home?
A4: Yes, you may be eligible for a home office deduction if you use a portion of your home exclusively and regularly for business purposes. This deduction can apply to both homeowners and renters.
What's the deadline for filing taxes as a self-employed individual or freelancer?
A5: The deadline for filing your federal income tax return is typically April 15th. However, if you’re making estimated tax payments, you must file your return and pay any remaining tax by the due date in mid-April to avoid penalties and interest charges.
This article was reviewed for legal accuracy by Parham Khorsandi, Esq., founding attorney at Victory Tax Lawyers, LLP and a licensed member of the California State Bar (Bar No. 266658), with a nationwide IRS tax-relief practice.
Last reviewed: June 2026 · Meet our attorneys →
Attorney Advertising. Prior results do not guarantee a similar outcome. This page is for informational purposes only, does not constitute legal advice, and does not create an attorney-client relationship. For advice about your specific situation, please schedule a consultation.
Ready to Resolve Your Tax Issues?
Our experienced tax attorneys have saved clients over $100 million. Get a free, confidential consultation today.