Tax Deductions for Writers

February 13th, 2012 → 8:20 am @

Here are some common tax deductions for writers. Are you taking them on your tax return?

Blog &Tax Tips for Writers

Common Tax Mistakes Made by Writers

February 9th, 2012 → 2:00 pm @

Common Tax Mistakes Made by Writers

Blog &Tax Tips for Writers

When should you hire a CPA?

February 6th, 2012 → 2:00 pm @

When should I hire a CPA for my writing business?

Blog &Q&A &Tax Tips for Writers

Who says you’re a professional writer?

January 30th, 2012 → 8:19 am @

Nailing Down Your Professional Status By Gary A. Hensley In the old television show Sanford and Son, Fred Sanford asks a man, “Who says you’re an attorney?” “I do,” the man says. Fred says, “Who says you’re not?” The man mumbles, “The State of California.” You don’t want to be on the wrong end of […]

Blog &Business 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

Not a hobby writer?

December 26th, 2011 → 2:00 pm @

How can I show that I’m not a hobby writer? I intend to make a profit; it just hasn’t happened yet. Keep a log of your work and your submissions to magazines, agents, publishers, etc. A submission log can be very helpful to show you are actively attempting to make a profit at this. Look […]

Blog &Business Tips for Writers &Q&A

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

No income from your blogging yet? Should you file a tax return?

November 21st, 2011 → 2:00 pm @

A blogger wonders if she should file a tax return since she doesn’t have any income yet.

Blog &Q&A &Tax Tips for Writers