Helpful tax information for bloggers, writers and authors
February 9th, 2016 → 8:55 am @ Carol
Helpful information for writers during the tax season
What and how do authors write off their expenses?
February 2nd, 2016 → 6:55 pm @ Carol
What can an author write off on their tax return (and how do you do it)?
The Business of Writing online workshop
April 15th, 2015 → 3:45 pm @ Carol
Taxes for Writers online workshop sponsored by Women’s Fiction Writers Association
Business Tips for Writers part 2 (podcast)
February 12th, 2015 → 1:16 pm @ Carol
In this podcast Carol Topp, CPA discusses record keeping in a business, helpful software and some tax tips fro writers.
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 […]
Writers: Tax software can lie to you
January 20th, 2014 → 11:15 am @ Carol
Tax software is a great tool for writers, but the software is only as good as the user.
Free products are taxable income for bloggers
January 7th, 2014 → 2:38 pm @ Carol
If bloggers receive products for review, or freebies from companies, you have to keep track of that as income.
Self employment tax for bloggers
December 31st, 2013 → 2:13 pm @ Carol
Bloggers: don’t be shocked by owing self-employment tax.
‘Amazon Tax’ Invalidated by Illinois Supreme Court
October 23rd, 2013 → 11:39 pm @ Carol
A law requiring businesses collect sales tax on purchases made by Illinois residents over the internet was invalidated by the Illinois Supreme Court.
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 […]
