Years of losses from business can still be deducted

October 1st, 2013 → 8:07 pm @

 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 […]

Blog &Tax Tips for Writers

Collecting sales tax from a book distributor

August 12th, 2013 → 1:54 pm @

An author asks how she should collect sales tax from her sales to book distributors such as Amazon, BN.com and Ingram.

Blog &Q&A

Taxes for an information writing partnership between co-authors

March 4th, 2013 → 8:19 am @

Advice on how to handle the taxes for co-authors in an informal partnership

Blog &Tax Tips for Writers

8 ways for writers to lower their tax bills

February 6th, 2013 → 1:36 pm @

My guest blog post at ProductiveWriters.com explains 8 ways a freelancer/writer/author can lower their tax bill.

Blog &Tax Tips for Writers

How often should an author be paying income tax?

January 7th, 2013 → 1:05 pm @

To avoid an IRS penalty, writers and authors should make quarterly tax payments.

Blog &Tax Tips for Writers

Tax Deductions for Writers mini ebook. No charge!

January 5th, 2013 → 3:06 pm @

Just in time for tax season. I am offering a mini-ebook, Tax Deductions for Writers

Blog &Tax Tips for Writers

Video Blog: Book purchases as a tax deduction

October 4th, 2012 → 6:04 pm @

Carol Topp, CPA explains what an author can deduct on their taxes when they purchase their own books to resell.

Blog &Q&A &Tax Tips for Writers &Video blog

Video Blog: Can a writer deduct unpaid royalties?

September 6th, 2012 → 4:00 pm @

A writer asks, “Can I deduct unpiad royalties?” in this video blog from Carol Topp, CPA

Blog &Q&A &Tax Tips for Writers &Video blog

Common Tax Mistakes Made by Writers

February 9th, 2012 → 2:00 pm @

Common Tax Mistakes Made by Writers

Blog &Tax Tips for Writers

Who says you’re a professional writer?

January 30th, 2012 → 8:19 am @

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 […]

Blog &Business Tips for Writers