Writers, this is tax info you need

If you’re like me, you break out in a cold sweat this time of year.

I’m not sure about other countries, but here in the USA, taxes are due on April 15th. Yikes, it’s gonna be here before you know it.

However, thanks to Jenny Hansen, I think you may feel a little better. She explains everything you need to know (or pretty darn close) to make filing easier this year. So grab your receipts, or call your accountant after you read Jenny’s article. 

Today, instead of breaking down what I gleaned from her blog post, I’m just going to let you click and read for yourself. The subject of taxes is too important for me to screw with it. So please click and read her post. It’s a very informative and a must-read for all writers. 

Take it away Jenny…

Easy Tax Guide for Authors by Jenny Hansen

 

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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