Tax Tips for Authors 2014
Completely updated January 2014 for use in preparing 2013 tax returns. Now includes new methodology for home office deduction and a special section for self-published authors.
Authors, 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? This book is a compilation of a 10-lecture online course offered each spring for authors, focusing on exactly what you need to know to file your tax return accurately, and with the most comprehensive deductions list for writers, published or not. As an author and a tax preparer, we can offer expert knowledge that usually costs hundreds of dollars in tax prep fees.
The information in this book is for authors filing a US federal tax return.
Chapters include:
Legal Issues: Licenses, Company Structure, EIN
Hobby vs. Business
How to Tackle the Schedule C
Schedule C Part II: What Expenses Are Deductible?
Home Office Deduction
Self-Employment Tax
Quarterly Estimated Payments
Unpublished Authors
Self-Published Authors
FAQ