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 […]
Collecting sales tax from a book distributor
August 12th, 2013 → 1:54 pm @ Carol
An author asks how she should collect sales tax from her sales to book distributors such as Amazon, BN.com and Ingram.
Taxes for an information writing partnership between co-authors
March 4th, 2013 → 8:19 am @ Carol
Advice on how to handle the taxes for co-authors in an informal partnership
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.
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.
Tax Deductions for Writers mini ebook. No charge!
January 5th, 2013 → 3:06 pm @ Carol
Just in time for tax season. I am offering a mini-ebook, Tax Deductions for Writers
Video Blog: Book purchases as a tax deduction
October 4th, 2012 → 6:04 pm @ Carol
Carol Topp, CPA explains what an author can deduct on their taxes when they purchase their own books to resell.
Video Blog: Can a writer deduct unpaid royalties?
September 6th, 2012 → 4:00 pm @ Carol
A writer asks, “Can I deduct unpiad royalties?” in this video blog from Carol Topp, CPA
Common Tax Mistakes Made by Writers
February 9th, 2012 → 2:00 pm @ Carol
Common Tax Mistakes Made by Writers
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 […]
