Five Secrets to Short Cut Your Record Keeping for Tax Benefits

January 26th, 2012 → 10:02 pm @

  Webinar Friday, January 27th at 12 noon EST For Authors & Writers (aspiring or published) Authors and Writers work hard at their ideas, writing their manuscripts or blogs and then waking up to see that no one is reading their information or wants to buy their book! On this webinar, Felice a best-selling author […]

Blog &Tax Tips for Writers

How picky is the home office deduction?

January 23rd, 2012 → 8:40 am @

This may seem like a really stupid question, but the exclusive use of space for a home office deduction, does that mean that the business owner can’t do any personal business in that space, like make personal phone calls, do personal things on the computer/internet, have personal files in the area, pay personal bills, etc? […]

Blog &Q&A &Tax Tips for Writers

Top Tax and Money Tips for 2012 podcast

January 18th, 2012 → 11:42 pm @

Marnie will be hosting me, Carol Topp, on her radio show Thursday, Jan 19 Call (646) 727-2510 or listen in the show box below. We go live at 3 PM Central Click for Time Zones Top Tax & Money Management Tips for 2012 with Marnie & Carol Topp, CPA Listener Notes Here Listen to internet […]

Business Tips for Writers &Tax Tips for Writers

The Writer’s Home Office Deduction

January 16th, 2012 → 8:19 am @

The Writer’s Home Office Deduction

Blog &Tax Tips for Writers

What Do CPA’s Charge?

January 5th, 2012 → 8:19 am @

What Do CPA’s Charge?

Blog &Q&A &Tax Tips for Writers

I didn’t get paid. Is it a tax deduction?

December 29th, 2011 → 2:00 pm @

Tax FAQ: I didn’t get paid. Is it a tax deduction?

Blog &Q&A &Tax Tips for Writers

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 http://www.irs.gov/newsroom/article/0,,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