Occasionally, I write tax-related articles for other sites. Below is a preview of an interview I had with Susan of Travel Junkette. It can be tricky to find answers to common situations encountered by travel bloggers. Check out the interview for answers to questions on the following topics:
- Residency
- If a blogger is constantly on the move, how does he or she determine state of residency?
- How does being away from the state of residency affect taxes?
- Can he or she receive per diem deductions?
- Income
- What income does a travel blogger have to claim?
- If a blogger received a complimentary hotel room or activity, do they have to claim it? How do they determine amount?
- Most travel bloggers do freelance work on the side. Can all of this income be grouped under one sole proprietorship?
- Should travel bloggers be paying quarterly estimated taxes on their income?
- Deductions
- Travel bloggers can deduct the normal business expenses that all bloggers or freelancers do — but are there any ones that would be particularly relevant for travel bloggers?
- Are travel expenses deductible? What if a trip is personal and business-related?
- Is travel gear and clothing deductible?
- Tools & Tips
- Should travel bloggers have separate business and personal bank accounts? What about credit cards?
- What digital tools and resources do you recommend?
- At what point should a travel blogger hire an accountant?
Read the full interview here.