When is the best time to do your taxes?

Never if you ask me.

But, unfortunately,  it’s that time of year!

At least here in the States. April 18th is drawing near and the tax man is waiting. And like dirty laundry a task that cannot be avoided.

If you haven’t filed your taxes maybe you could use a little more information. Thanks to Jane Friedman for sending writers a terrific bunch of tips to make this arduous task a little less painful.

Mine are filed! Whoo hoo!

What did I learn from reading Jane’s post?

  • I don’t have to make a profit to take deductions.
  • Expenses for my books and website are just that “expenses.”
  • I don’t have to have employees to have a business. Just me.
  • Keep good records. (Glad I use Quicken.)
  • Amazon will report your royalties, make sure you include them on your returns.

What Every Self-Published Author Needs to Know About Taxes

After you’ve read Jane’s post and tell me…

Have you done your taxes yet?

Did you include your writing profits/losses?

Did you learn something new from Jane’s post?

Tell me,  I love reading your comments.

Please head over and “like” my Facebook page at Facebook at jeanswriting . Or to connect with me, click the “write me” tab. Don’t forget you can follow me on StumbleUpon,  on Twitter @jeancogdell , and Amazon.com.

Please stop by and say “hey!”  I’ll leave a light on.

More interesting reading

Tax Deduction Tips for Writers

A Tax Cheat Sheet for Kindle eBook Self-Publishing

Images courtesy of Pixabay.com

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15 thoughts on “When is the best time to do your taxes?

  1. My longstanding practice is calculate them as early in January as I can and file then if we have a refund coming. If we have taxes due I file close to April 15. We got a modest refund two months ago. 🙂

    Liked by 1 person

  2. No I haven’t done them yet, but they loom over me like a dark cloud. I wish the government would just figure out a simpler way to do all of this, so I didn’t have to waste a weekend in April fretting about them.

    Liked by 1 person

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