April 18th, 2013 → 8:26 am @ Carol
An author wants to use Kickstarter to crowd fund his book. Is it taxable income to him or a gift?
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.
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?
March 4th, 2013 → 8:19 am @ Carol
Advice on how to handle the taxes for co-authors in an informal partnership
January 31st, 2013 → 8:25 am @ Carol
The IRS is now (make that was) requiring that everyone who prepares a tax return for a fee to register with the IRS.
January 7th, 2013 → 1:05 pm @ Carol
To avoid an IRS penalty, writers and authors should make quarterly tax payments.
September 27th, 2012 → 6:09 pm @ Carol
How does the IRS see income from crowd funding sources like Kickstarter?
July 10th, 2012 → 6:11 pm @ Carol
I discuss why a wanna-be author was not allowed $19,000 in travel expenses for his (un)published book on world -wide travel.
January 30th, 2012 → 8:19 am @ Carol
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 […]
January 23rd, 2012 → 8:40 am @ Carol
This may seem like a really stupid question, but the exclusive use of space for a home office deduction, does that mean that the business owner can’t do any personal business in that space, like make personal phone calls, do personal things on the computer/internet, have personal files in the area, pay personal bills, etc? […]