Blaine shut down his business!

I got whacked. In 2009-2010, I spent 11 months unemployed, with no unemployment benefits. I pulled some money from my 401K plans, and I did a TON of freelance work. Those freelance clients stiffed me. Nearly $5,000 was unpaid. My accountant said I couldn’t claim the losses due to my “Cash Accounting” status. Subsequently, the IRS nailed me for $5,000+ in taxes, with no income at all.

I quit.

No more. I shut down my freelance business. If you want side work from me, look elsewhere. It is not worth it, to me, to do side work. I pay more in taxes than I make in freelance fees. Even web hosting customers… check your history. The last time I charged you was 2010. Nothing for 2011, 2012. Forget it, it’s not worth it, to me. I’d rather host you free than get nailed for the freelance income.



Posted in Genreral.