Business Tip #12 for Writers: Sales Tax

September 17th, 2012 → 8:00 am @

You’re selling your book, and that’s great. I hope you can’t keep your inventory stocked! When making those sales, it is easy to overlook a crucial piece: sales tax. Why is this necessary? Here’s a few tips on how to keep sales tax records from my book, Business Tips and Taxes for Writers: “My recommendation is […]

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Video Blog: Can a writer deduct unpaid royalties?

September 6th, 2012 → 4:00 pm @

A writer asks, “Can I deduct unpiad royalties?” in this video blog from Carol Topp, CPA

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I want to go to Montana to write. Is it a tax deduction?

August 27th, 2012 → 3:09 pm @

My friend Nina, the author of The Respect Dare: 40 Days to Improving Your Relationship with God and Your Husband, asked me this question:   If I go to Montana to write for a week, and combine that with a few days of family stuff, can I deduct the trip? Or some of it?   […]

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Video Blog: IRS denies business expenses to author

July 10th, 2012 → 6:11 pm @

I discuss why a wanna-be author was not allowed $19,000 in travel expenses for his (un)published book on world -wide travel.

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What can a writer deduct on a tax return?

March 23rd, 2012 → 10:40 am @

I enjoyed speaking to Quinn Barret of Wise Bear Books in a podcast where we talked about Business Tips and Taxes for Writers. Here’s what we talked about:   What can a writers deduct on their taxes? Is Sch C (sole proprietorship) an audit flag to the IRS? Are costs to get my book on […]

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5 Secrets to Short Cut Your Record Keeping for Tax Benefits

March 7th, 2012 → 8:38 am @

Here’s presentation my publisher and I did for Nate Kievman of Linked Strategies. The webinar starts with Felice Gerwitz of Media Angels explaining Five Secrets Every Author Should Know Before You Write the First Word. My portion on 5 Secrets to Short Cut Your Record Keeping for Tax Benefits starts at about 17:30 if you […]

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Special Tax Breaks for Writers

February 27th, 2012 → 8:00 am @

Special Tax Breaks for Writers

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Don’t Ignore these Tax Deductions

February 23rd, 2012 → 2:00 pm @

Other Expenses. Some common business expenses for authors

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More Tax Deductions for Writers

February 20th, 2012 → 8:00 am @

The list of tax deductions for writers continues… Depreciation applies to purchases of computers, furniture or equipment that will last longer than a year. Depreciation is an accounting term meaning that the value of the equipment is deducted on the tax return over several years. A Section 179 expense means that the full cost of […]

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More Tax Mistakes Made by Writers

February 16th, 2012 → 8:00 am @

More Tax Mistakes Made by Writers

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