Tax payments for bloggers and writers
October 14th, 2013 → 12:23 pm @ Carol
Tax payments for bloggers and writers
Years of losses from business can still be deducted
October 1st, 2013 → 8:07 pm @ Carol
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 […]
Mortgage Debt Forginess set to expire
August 1st, 2013 → 11:51 am @ Carol
In 2007 Congress created the Mortgage Debt Forgiveness Act to offer a tax break for those who had a mortgage forgiven or cancelled sue to a foreclosure or short sale. This Act was set to expire on December 31, 2012, but has been extended for one more year and will now expire on December 31, […]
Tax consequences of writing and publishing
July 24th, 2013 → 8:56 am @ Carol
Writing, researching and publishing a book has expenses tied to it and tax consequences.
Blog &Business Tips for Writers &Podcast/Radio show &Tax Tips for Writers
Some bad tax advice for writers floating around out there!
March 28th, 2013 → 8:09 am @ Carol
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.
Tax questions with author Sonia Marsh Gutsy Indie Publishers
March 18th, 2013 → 1:36 pm @ Carol
Sonia had great questions on tax deductions for authors, sales tax and using Quickbooks
Video blog: Will losses mean writing is a hobby?
March 18th, 2013 → 8:53 am @ Carol
If you show losses as a writer for 3 years in a row will the IRS classify you as a hobby writer?
Are the products bloggers recieve for reviews taxable?
March 11th, 2013 → 9:16 am @ Carol
The products you receive for review are taxable income. Why? Because you engaged in a business exchange.
Video blog: Can a writer deduct travel expenses?
February 25th, 2013 → 8:36 am @ Carol
Can a writer deduct travel expenses to an exotic place for research on a future book?
Apps for mileage tracking
February 20th, 2013 → 7:54 am @ Carol
Several iphone apps make tracking mileage easier
