Continuing Education Center

Tax Mistakes All Interpreters Need to Avoid

5 (2 votes)

This Professional Studies program is offered for 0.3 Professional Studies (PS) CEUs at the little/none Content Knowledge Level.

Being a freelance interpreter requires more than just interpreting. Focus is so heavily placed on language and skill that the business side of the profession often falls through the cracks. Through engaging content and hands-on activities, participants will learn how to avoid the most common tax mistakes that interpreters make. By becoming tax savvy freelancers, interpreters can transform their business practices and improve their current and future careers.

Upon completion of this activity, participants will be able to:

1. Calculate taxable income,

2. Indicate at least 3 differences between 1099 and W2 income,

3. Identify the difference between an LLC and Liability Insurance,

4. State at least 15 business tax deductions, &

5. Participants will learn how to implement tax planning throughout the year by using a budget-based scheduling approach.

Rosemary Bocian, MA, EA, NIC

Rosemary Bocian, MA, EA, NIC, has been an ASL freelance interpreter since 2011. In 2017 she co-authored the book "The Interpreter's Quick Guide to Self-Employment" which is currently being used by Interpreter Training Programs nationwide and sold on Amazon as well as at select Barnes & Nobles locations. Following publication, she began teaching workshops across the nation including the 2019 RID National Conference. This inspired her to become an Enrolled Agent and support interpreters directly by providing tax preparation services through her business Quick Guide Tax. Rosemary received both her Bachelor’s in ASL Interpretation and Master’s in Deaf Studies: Culture from Gallaudet University. As a professional tax preparer (EA), author and seasoned speaker, Rosemary presents the complex world of taxes in plain language so that interpreters can thrive in the profession. 

Key:

Complete
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Available
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Module 1: Opening and Tax Basics
Open to view video.  |  32 minutes
Open to view video.  |  32 minutes
Tax Activity
Open to download resource.
Open to download resource. Complete this next activity on your own.
Module 1 Quiz
3 Questions  |  Unlimited attempts  |  1/3 points to pass
3 Questions  |  Unlimited attempts  |  1/3 points to pass
Module 1 - Trivia with Presenter
Open to view video.
Open to view video.
Module 2: Business Deductions & Recordkeeping
Open to view video.
Open to view video.
Deductions Activity
Open to download resource.
Open to download resource. Complete this next activity on your own.
Module 2 Quiz
6 Questions  |  Unlimited attempts  |  3/6 points to pass
6 Questions  |  Unlimited attempts  |  3/6 points to pass
Module 2 - Trivia with Presenter
Open to view video.
Open to view video.
Module 3: LLCs/Liability, Tax Planning & Wrap Up
Open to view video.
Open to view video.
Quarterly Activity
Open to download resource.
Open to download resource. Complete this activity on your own.
Budget Activity
Open to download resource.
Open to download resource. Complete this budget activity on your own.
Helpful Links & Other Resources
Open to download resource.
Open to download resource. You can access links for further support by opening this document.
Certificate of Completion
0.300 Professional Studies credits  |  Certificate available
0.300 Professional Studies credits  |  Certificate available
Program Evaluation
4 Questions