Is all hobby income taxable?

December 19th, 2011 → 2:00 pm @

Is all hobby income taxable? Yes; anything you make from writing, your blog, etc is taxable income, even if it’s just a hobby.   Come back next week for as another hobby writing question is answered! Or subscribe to my RSS feed or newsletter on the home page to get these blog posts sent to […]

Blog &Q&A &Tax Tips for Writers

What CAN you write off on your taxes…and HOW?

December 15th, 2011 → 7:34 am @

(from LinkedIn Book Writing, Self Publishing, and Marketing for Business People ) Hello! I’m curious as to what’s the process for writing off materials that you’ve purchased specifically for writing your book. Are there categories that apply (computers, software) and some that don’t (research?)? What’s the step to identify those on taxes and do I […]

Blog &Q&A &Tax Tips for Writers

IRS announces new mileage rates for 2012

December 12th, 2011 → 5:44 pm @

From the IRS,,id=250882,00.html Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations […]

Blog &Tax Tips for Writers

When is a business expense a tax deduction?

November 28th, 2011 → 2:00 pm @

I’ve been “eating my losses” from writing (i.e. not claiming them on my tax return). I need a new PC. Is it a business deduction? Yes! A computer is a necessary (meaning helpful and appropriate) and ordinary expense for a writer. The IRS explains what makes a business expense a tax deduction: “To be deductible, […]

Blog &Q&A &Tax Tips for Writers

Sales tax on internet purchases

November 23rd, 2011 → 8:33 am @

photo credit: ilouque Don’t Mess with Taxes, Kay Bell, is keeping her eye on the issue of sales tax for on-line sales. This can affect many writers and self publishers who sell their books via their websites. States are beginning to pass laws requiring on-line retailers to collect sales tax from out-of-state customers. Tax software […]

Blog &Tax Tips for Writers

No income from your blogging yet? Should you file a tax return?

November 21st, 2011 → 2:00 pm @

A blogger wonders if she should file a tax return since she doesn’t have any income yet.

Blog &Q&A &Tax Tips for Writers

What Sets Off an Audit Flag?

November 14th, 2011 → 2:00 pm @

What can set off an audit flag?   While attending the Midwest Writers Workshop  in Muncie, IN this summer, I met Gary Hensley, a former IRS field agent. Gary had  so much information about how the IRS works and he shared interesting tidbits with the writers there. Gary explained the IRS audit procedures: The IRS […]

Blog &Q&A &Tax Tips for Writers

New podcast: Business Tips and Taxes for Writers

November 3rd, 2011 → 6:28 pm @

Carol Topp, CPA has a new podcast of interest to writers, bloggers, authors and publishers. Business Tips and Taxes for Writers   Listen to internet radio with FeliceGerwitz on Blog Talk Radio (give it about 10-20 seconds to load the podcast) Join host, Felice Gerwitz and her  guest, Carol Topp, CPA as she shares information […]

Blog &Business Tips for Writers &Tax Tips for Writers

Amazon deals with California on sales tax

October 6th, 2011 → 7:21 am @

Amazon deal with California may set precedent for online tax collection. The landscape is changing for sales tax and on-line sales.

Blog &Tax Tips for Writers

Even more tax deductions for writers

September 26th, 2011 → 2:22 pm @

expenses that reduce taxes for writers

Blog &Tax Tips for Writers