I write as a hobby. Do I need to worry about taxes?
February 14th, 2023 → 9:27 am @ Carol
Do hobby writers who make a little money need to worry about taxes?
Is your writing a hobby or a business?
February 21st, 2018 → 12:16 pm @ Carol
How do you know if you have a hobby or a business?
Did the 2017 Tax Bill Help or Hurt Writers?
January 5th, 2018 → 10:02 am @ Carol
Did the 2017 tax bill, now law, help or hurt writers and bloggers
Hobby or Business?
February 7th, 2017 → 11:08 am @ Carol
How do you know if you have a hobby or a business?
IRS study finds lots of businesses might really be hobbies
May 11th, 2016 → 6:41 pm @ Carol
Writers need to be conducting their business as a business to avoid an IRS audit, especially those with multi-year losses.
Tax Q & A from writers
February 26th, 2015 → 9:25 am @ Carol
Writers ask author and CPA Carol Topp their tax questions
Let’s clear up this IRS rule about hobby profits and losses
March 6th, 2014 → 8:14 am @ Carol
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 […]
Your Guide to Book Publishing podcast: Taxes for Writers
July 19th, 2013 → 8:39 pm @ Carol
I was honored to be interviewed by Judith Briles’ podcast: Your Guide to Book Publishing Judith’s podcast is EXCELLENT. I always learn a ton from her guests and Judith herself. We talked about : The top business mistakes authors make Tax deductions for writers If Judith’s cruise is a legitimate tax deduction How […]
Your Guide to Book Publishing interview with Judith Briles
April 26th, 2013 → 7:58 pm @ Carol
Carol Topp, CPA will discuss the business side of writing and publishing with Judith Briles
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.
