February 7th, 2017 → 11:08 am @ Carol Topp
How do you know if you have a hobby or a business?
May 11th, 2016 → 6:41 pm @ Carol Topp
Writers need to be conducting their business as a business to avoid an IRS audit, especially those with multi-year losses.
February 23rd, 2016 → 9:27 am @ Carol Topp
Do hobby writers who make a little money need to worry about taxes?
April 27th, 2015 → 6:42 pm @ Carol Topp
Webinar with Carol Topp, CPA helping writers understand taxes.
February 26th, 2015 → 9:25 am @ Carol Topp
Writers ask author and CPA Carol Topp their tax questions
March 6th, 2014 → 8:14 am @ Carol Topp
I read this misinformation on an unnamed blog recently: To prove that your blog or any business is a legitimate business then you must make a profit 3 out of 5 years that you are in business. That’s a common misunderstanding of the IRS rules. What the IRS states is this: “An activity is presumed […]
July 19th, 2013 → 8:39 pm @ Carol Topp
I was honored to be interviewed by Judith Briles’ podcast: Your Guide to Book Publishing Judith’s podcast is EXCELLENT. I always learn a ton from her guests and Judith herself. We talked about : The top business mistakes authors make Tax deductions for writers If Judith’s cruise is a legitimate tax deduction How […]
April 26th, 2013 → 7:58 pm @ Carol Topp
Carol Topp, CPA will discuss the business side of writing and publishing with Judith Briles
March 28th, 2013 → 8:09 am @ Carol Topp
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.
March 18th, 2013 → 8:53 am @ Carol Topp
If you show losses as a writer for 3 years in a row will the IRS classify you as a hobby writer?