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

Author helped by my comments on LinkedIn

February 28th, 2014 → 12:41 am @

An author who received help from Carol Topp, CPA on LinkedIn shares his review of Business Tips and Taxes for Writers

Blog &Business Tips for Writers

Years of losses from business can still be deducted

October 1st, 2013 → 8:07 pm @

 Many 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

Are gifts from Kickstarter taxable income or a donation?

April 18th, 2013 → 8:26 am @

An author wants to use Kickstarter to crowd fund his book. Is it taxable income to him or a gift?

Blog

Some bad tax advice for writers floating around out there!

March 28th, 2013 → 8:09 am @

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.

Blog &Tax Tips for Writers

Video blog: Will losses mean writing is a hobby?

March 18th, 2013 → 8:53 am @

If you show losses as a writer for 3 years in a row will the IRS classify you as a hobby writer?

Blog &Tax Tips for Writers &Video blog

Taxes for an information writing partnership between co-authors

March 4th, 2013 → 8:19 am @

Advice on how to handle the taxes for co-authors in an informal partnership

Blog &Tax Tips for Writers

Tax Tip for writers: Your tax preparer should be registered with the IRS (or maybe not!)

January 31st, 2013 → 8:25 am @

The IRS is now (make that was) requiring that everyone who prepares a tax return for a fee to register with the IRS.

Blog &Tax Tips for Writers