Military Spouse: What advice would you give those spouses who work as independent contractor or freelance on side?
Nemeth: Many spouses have careers as freelancers or work as consultants; it’s work from home jobs for military spouses and ideal for the military lifestyle. Although being a freelancer, consultant, or independent contractor provides a new set of tax issues to consider, it also offers you plenty of new ways to trim your tax bill. If you are paid $600 or more for your work for any business or client, you should receive a 1099-MISC from your customer (they will also send a copy to the IRS, too)
As a side note, if your net earnings from self-employment exceed $400, you will have to pay self-employment tax (for Social Security and Medicare).
