Are royalties passive income?
February 7th, 2013 → 10:39 am @ Carol
An author asks if her book royalties are subject to Social Security tax.
8 ways for writers to lower their tax bills
February 6th, 2013 → 1:36 pm @ Carol
My guest blog post at ProductiveWriters.com explains 8 ways a freelancer/writer/author can lower their tax bill.
Tax Tip for Writers: Software can lie to you
February 4th, 2013 → 1:57 pm @ Carol
Tax software is a great tool for writers, but the software is only as good as the user.
Is hobby income from writing taxable?
January 21st, 2013 → 8:37 am @ Carol
Any income you make from writing, freelancing, your blog, etc is taxable income, even if it’s just a hobby.
How often should an author be paying income tax?
January 7th, 2013 → 1:05 pm @ Carol
To avoid an IRS penalty, writers and authors should make quarterly tax payments.
Using crowd funding to raise money for your book
September 27th, 2012 → 6:09 pm @ Carol
How does the IRS see income from crowd funding sources like Kickstarter?
Video Blog: IRS denies business expenses to author
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.
Common Tax Mistakes Made by Writers
February 9th, 2012 → 2:00 pm @ Carol
Common Tax Mistakes Made by Writers
When should you hire a CPA?
February 6th, 2012 → 2:00 pm @ Carol
When should I hire a CPA for my writing business?
Who says you’re a professional writer?
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 […]
