Data Entry & Telecommuting Resources
Welcome to the Telecommuting and Work at Home Sleuthing section of Tamona’s Tips.
You can expect to find information on finding legitimate work at home, educational information on spotting scams, a list of companies that hire people to work at home, mystery shopping assignments, suggested work at home tools, and daily work at home job leads.
Please enjoy these helpful articles to help you obtain and maintain work at home:
Common Tax Mistake w/Independent Contractors
Typically, when tax time rears its ugly head, I start giving my lectures about doing your taxes the proper way. Recent events have made me want to speak about taxes right now. I won’t bore you to sleep with talk about every new law made in the past 6 years, but I do want to share a common mistake people make on their taxes.
This is the statement released by the IRS:
- If you are not an employee and the fees for your services from the same payor total $600 or more for the year, you may receive a Form 1099-MISC.
This statement alone causes many Independent Contractors to make dreadful mistakes on their taxes. The statement says that “you may receive a Form 1099-MISC”, it does NOT say that if you make less than $600 you do not have to pay taxes. This is a common mistake. The confusion comes when someone makes less than $600. Somewhere, someone came up with the idea that because they did not receive a form, they do not have to pay taxes. This is not true. To help obtain clarity in this situation, these are examples of nontaxable income:
- Adoption Expense Reimbursements for qualifying expenses
- Child support payments
- Gifts, bequests and inheritances
- Workers’ compensation benefits
- Meals and Lodging for the convenience of your employer
- Compensatory Damages awarded for physical injury or physical sickness
- Welfare Benefits
- Cash Rebates from a dealer or manufacturer
None of the examples listed above include monetary compensation for services rendered that do no exceed $600. Income such as wages, salaries, tips and unemployment compensation are fully taxable and must be included in your income, according to the IRS, unless it is specifically excluded by law.
Some of you still seem unconvinced. Maybe your profession requires you to barter. Bartering is an exchange of property or services. This does not exclude you from the payment of taxes. According to the IRS, “the fair market value of goods and services exchanged is fully taxable and must be included as income on Form 1040 of both parties”. Many of you have assumed that because you did not receive monetary compensation, taxes are not to be paid, but this cannot be further from the truth.
It is best to assume that all income is taxable income unless specified by law. These laws can be found in the Publication 525, Taxable and Non-Taxable Income. IRS publications are chalked full of information for the novice tax payer or the tax payer that wants to complete their own taxes.
Requesting a publication can be much easier than you think. Simply call 1-800-TAX-FORM for assitance or you can visit the IRS’s website and get your own copy in pdf format.
*As with anything, research is highly suggested. Before your file your taxes, find out more on your own. This particular rule is commonly misquoted, but although this may be true, ignorance is not a defense when being audited. Please seek help from proper professionals before filing your taxes.
Pay your taxes!
How to Do Data Entry From Home
Data entry is one of the most sought after work at home careers online. It requires good typing skills in order to be a profitable investment of your time, but many other things can be learned on the job. Learn how to find a job doing data entry from home, who is hiring and who is legitimate in their claims by following the steps provided below.
Things You’ll Need:
Ask for references from people who have data entry experience if you know friends or family members who share the common interest. You never pay to work. This should be the principle rule when searching for that perfect data entry job.
Research legitimate work-at-home data entry companies. It’s always best to check for complaints with the Better Business Bureau. There will typically be a complaint listed if it is a scam. You will also want to do a search with the words “scam” following the name of the company. This will help to bring to light any Websites with complaints or questions of legitimacy.
Gain support through work-at-home message boards. Many of these message boards list legitimate companies as “stickies” on their Websites. Stickies are permanent posts on message boards that usually hold valuable information for new members. Members will also assist if you cannot find information on a questionable company. You can find these links in our Resources section.
Read the qualifications for the data entry position carefully. Many data entry positions ask that you have ten key skills as well as the ability to type at least 60 words per minute. Employers will also specify computer requirements like operating system must haves, software specifics and the need for high speed Internet service.
Prepare a telecommuting resume. Telecommuting resumes are similar to traditional resumes in that they list all your skills and detail your capabilities. The difference between telecommuting resumes and traditional resumes is that telecommuting resumes do not include personal information such as addresses and phone numbers. Telecommuting resumes also include information about your computer capabilities, work samples and details of your office setup. An email address that you check frequently should be listed as your contact information.
Take notes on employer responses. Some companies notify you on the best time to contact them in the future if all positions are filled. Its important that you notate these time frames and adhere to them to the letter. That’s true if you want to do data entry work from home.
Tips & Warnings
Income will vary, but many companies pay per entry or in the range of $8 an hour.
Avoid data entry positions that offer hundreds of dollars per day. That’s typically a sign of a scam.
Avoid positions that offer you money prior to employment.