Don’t panic. I know tax time is right around the corner, but you don’t have to stress yourself out. I’m not going to give you any tax advice, but I will point you in the right direction. The IRS has a “Small Business and Self-Employed Tax Center” that can help you figure out the maze of details that come with filing your taxes as a writer. It can be a great help in figuring things out.
Personally, I don’t mess around. I go to a CPA and have his expert eyes look everything over so that I don’t miss anything. I highly recommend this if you are making some money from your freelance writing. You’ll want to be sure you are paying everything you should, as well as taking the deductions that you are entitled to.