Does a freelance writer owe taxes on June 15?

June 10th, 2014 → 9:20 am @

A frantic, confused freelancer writer asks about paying her taxes due June 15

Tax Tips for Writers

Why you shouldn’t trust tax prep software

February 24th, 2014 → 6:59 pm @

Here’s a perfect example of how tax software doesn’t replace a knowledgeable CPA.

Tax Tips for Writers

IRS simplifies home office deduction

February 10th, 2014 → 9:35 am @

Every one in a while the IRS makes like simpler for taxpayers! In 2013 the IRS simplified the Business Use of the Home deduction.

Tax Tips for Writers

Writers: Tax software can lie to you

January 20th, 2014 → 11:15 am @

Tax software is a great tool for writers, but the software is only as good as the user.

Blog &Tax Tips for Writers

Self employment tax for bloggers

December 31st, 2013 → 2:13 pm @

Bloggers: don’t be shocked by owing self-employment tax.

Blog &Tax Tips for Writers

We love sales but not sales tax!

November 24th, 2013 → 9:19 pm @

My article titled “We Love Sales But Not Sales Tax” is included in the 2014 edition of Writers Digest Guide to Self Publishing.

Blog &Tax Tips for Writers

‘Amazon Tax’ Invalidated by Illinois Supreme Court

October 23rd, 2013 → 11:39 pm @

A law requiring businesses collect sales tax on purchases made by Illinois residents over the internet was invalidated by the Illinois Supreme Court.

Blog &Tax Tips for Writers

Tax payments for bloggers and writers

October 14th, 2013 → 12:23 pm @

Tax payments for bloggers and writers

Blog &Tax Tips for Writers

Years of losses from business can still be deducted

October 1st, 2013 → 8:07 pm @

┬áMany authors and other self-employed business owners seem to think that if they suffer years of losses, their business will be classified as a hobby (which is quite punishing from a tax perspective). But, I always explain that a business can have years of losses and still be considered a legitimate business. Here’s an excellent […]

Blog &Tax Tips for Writers

Mortgage Debt Forginess set to expire

August 1st, 2013 → 11:51 am @

In 2007 Congress created the Mortgage Debt Forgiveness Act to offer a tax break for those who had a mortgage forgiven or cancelled sue to a foreclosure or short sale. This Act was set to expire on December 31, 2012, but has been extended for one more year and will now expire on December 31, […]

Blog &Tax Tips for Writers