Tax Tips for Authors
Get the answers you need
As some of my readers know, in RL I’m a tax and finance professional, and I’ve been using that knowledge to teach my tax workshops.
Whether you like it or not, it’s time to start thinking about your tax return. We have a lot of new authors here who may be filing Schedule C for the first time and probably have a ton of questions. New self-publishers may also be wondering how that will change your tax return. I know how many questions I had even after my first year of earning, which is why I became a licensed tax preparer four years ago.
Whether you are an old hand or a new author you will learn something new.
Three years ago I started offering online workshops for other authors. The next two start February 18 and March 15. I run the courses on a Yahoo Group. You will get an invitation to join the group after I receive your payment. You don’t have to be online when each lecture is posted. You can read at your leisure, then ask questions when you need to, or read other peoples’ questions.
I’ll cover everything you need to know about filing a tax return/Schedule C with special emphasis on the kinds of expenses and issues writers have. There’s a whole session just on self-publishing. (Don’t like online classes? Buy the book.)
Comments from previous participants:
“Loved the class! So much information was given–and on things I had no idea existed!”
“As a newly published author, I had no idea where to begin with taxes. This class explained everything in an easy to understand format. I feel ready to go!”
Consists of 15 lectures to read at your own pace, open Q&A throughout the course and for at least an additional week. You will have unlimited access to the course lectures, Q&A, plus the option of one private tax question answered off the group.
Writers, are you stymied by Schedule C and self-employment tax? Not sure you’re getting all the deductions you deserve, or uncertain precisely what the IRS allows? You just want to know how to fill in your forms and what you can and can’t deduct. I will answer those questions, as well as provide additional useful and necessary information for tax planning and recordkeeping.
As both a writer and a tax preparer, I offer expert knowledge that usually costs hundreds of dollars in tax prep fees.
Lecture topics include: Self-publishing Issues, Hobby vs. Business, Legal Issues, What Expenses are Deductible?, Schedule C Walkthrough, Self-employment Tax, Quarterly Estimated Tax, Deductions for Unpublished Authors