I never claimed start up expenses on my tax return
March 7th, 2017 → 8:22 am @ Carol
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 […]
Are self publishing expenses tax deductible?
February 28th, 2017 → 1:45 pm @ Carol
A new author asks what expenses are tax deductions
Answers to Tax Deductions for Writers
February 3rd, 2017 → 8:48 pm @ Carol
great questions on tax deductions for writers
Traveling out of town? Take the higher meal deduction!
January 24th, 2017 → 9:23 am @ Carol
Self employed people can take a per diem expense for meals and incidentals when they travel out of town requiring an overnight stay.
Is this author given a gift or is it a sale?
March 12th, 2015 → 1:41 am @ Carol
An author wonders if a “thank you donation” she received is a gift or a sale.
What are the disadvantages to author partnerships?
March 5th, 2015 → 1:23 am @ Carol
An author and her sister wish to co-author several books. What are the main reasons to avoid a partnership?
What’s the difference between a sole proprietorship and an LLC?
February 24th, 2014 → 1:59 pm @ Carol
Carol Topp, CPA explains using a word picture the difference between a sole proprietorship and an LLC.
Should an author release his rights to a charity?
September 2nd, 2013 → 9:37 am @ Carol
An author asks about releasing his rights to a charity.
Collecting sales tax from a book distributor
August 12th, 2013 → 1:54 pm @ Carol
An author asks how she should collect sales tax from her sales to book distributors such as Amazon, BN.com and Ingram.
