Deducting book research expenses now or later?
April 30th, 2013 → 10:17 am @ Carol
A writer can deduct book research expenses in the year they occurred.
Some bad tax advice for writers floating around out there!
March 28th, 2013 → 8:09 am @ Carol
Understand that hobby income is fully taxable and rarely are the expenses deductible. It is usually advantageous to consider your writing as business, not a hobby.
Tax questions with author Sonia Marsh Gutsy Indie Publishers
March 18th, 2013 → 1:36 pm @ Carol
Sonia had great questions on tax deductions for authors, sales tax and using Quickbooks
Video blog: Will losses mean writing is a hobby?
March 18th, 2013 → 8:53 am @ Carol
If you show losses as a writer for 3 years in a row will the IRS classify you as a hobby writer?
Are the products bloggers recieve for reviews taxable?
March 11th, 2013 → 9:16 am @ Carol
The products you receive for review are taxable income. Why? Because you engaged in a business exchange.
Taxes for an information writing partnership between co-authors
March 4th, 2013 → 8:19 am @ Carol
Advice on how to handle the taxes for co-authors in an informal partnership
Video blog: Can a writer deduct travel expenses?
February 25th, 2013 → 8:36 am @ Carol
Can a writer deduct travel expenses to an exotic place for research on a future book?
Apps for mileage tracking
February 20th, 2013 → 7:54 am @ Carol
Several iphone apps make tracking mileage easier
Tax Tips for Writers: Accounting software for non accountants
February 18th, 2013 → 8:16 am @ Carol
You might be thinking that accounting software could help you manage your writing business.
Tax Tips for Writers: Use Google maps to calculate mileage
February 13th, 2013 → 8:35 am @ Carol
Business mileage at 55.5 cents a mile (for 2012) is a great tax deduction!