The Taxman Cometh
Found this amazing blog post by Nephele Tempest, agent extraordinaire, just in time for tax season. Even though I’m not even close to being a “seasoned pro,” this is helpful when thinking about the business side of writing – because whether we like to think about it or not, writing has to be more than just a passion if you want to be successful…it also has to be work.
We’re counting down to tax day — April 15th here in the U.S. — which means some folks are scrambling to find their receipts and their statements and all of their various forms to take off to their accountants, while others are playing with tax software or reading through the intimidating tax brochures meant to walk you through filling out the forms yourself.
Writers and taxes have a contentious relationship at best. Writers understand that several aspects of their chosen careers are the very things that raise red flags with the IRS, such as taking a deduction for a home office space, research trips, and other costs of doing business. But that’s no reason to panic.
Whether you’re a new writer who has yet to make any money or a seasoned pro, it’s important to be diligent in your record keeping throughout the year, and to consult with a tax…
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