I never claimed start up expenses on my tax return

March 7th, 2017 → 8:22 am @

Carol, I listened to your webinar on Writers: Prepare Your Taxes Properly. I am not sure if I will have income this year from my book as it is due out either in December or January. I have expenses of $5,500 so far this year. I also had similar expenses last year but never filed […]

Blog &Q&A

Are self publishing expenses tax deductible?

February 28th, 2017 → 1:45 pm @

A new author asks what expenses are tax deductions

Blog &Q&A &Tax Tips for Writers

Hobby or Business?

February 7th, 2017 → 11:08 am @

How do you know if you have a hobby or a business?

Blog &Tax Tips for Writers

Answers to Tax Deductions for Writers

February 3rd, 2017 → 8:48 pm @

great questions on tax deductions for writers

Blog &Q&A

Are Meals Tax Deductible?

January 31st, 2017 → 10:00 am @

Are coffee and tea tax deductible?

Blog &Q&A &Tax Tips for Writers

Writers: Prepare Your Taxes Properly

January 21st, 2017 → 1:30 pm @

A webinar for writers, bloggers and self publishers on how to prepare your tax return properly by Carol Topp, CPA

Tax Tips for Writers

IRS study finds lots of businesses might really be hobbies

May 11th, 2016 → 6:41 pm @

Writers need to be conducting their business as a business to avoid an IRS audit, especially those with multi-year losses.

Blog &Tax Tips for Writers

Taxes for Writers webinar

April 27th, 2015 → 6:42 pm @

Webinar with Carol Topp, CPA helping writers understand taxes.

Blog &Tax Tips for Writers

Do writers as business owners pay taxes twice?

February 24th, 2015 → 10:35 am @

A business owner wonders if she will pay taxes twice, once as the business and again when she takes money out of her business.

Blog &Tax Tips for Writers

Let’s clear up this IRS rule about hobby profits and losses

March 6th, 2014 → 8:14 am @

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 […]

Blog &Business Tips for Writers