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Tax Basics For Authors: Quick Tips For Reducing Your Taxable Income:
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Barnes and Noble
Tax Basics For Authors: Quick Tips For Reducing Your Taxable Income:
Current price: $12.99
Barnes and Noble
Tax Basics For Authors: Quick Tips For Reducing Your Taxable Income:
Current price: $12.99
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You've done it. After months—maybe even years—of dedication and an encounter or two with writer's block, you've finished your eBook. You've heard that self-publishing for Amazon's Kindle is a breeze, so you go to their website and click "submit." Within a day or so, your eBook is available for purchase. Just like the self-publishing process, reporting eBook profits to the IRS is just as simple if you know what to do.
In the coming pages, we will look at the most common fifty deductions and address a few scores more on not-so-common deductions. We will lead you through what it really means to be able to write off just about everything used in a trade or business but write off very few of those things if used at work for an employer because of limitations. We also go into great detail as to what constitutes a Contractor or Sub Contractor and what makes you an employee that receives a W-2 as opposed to a 1099 and what the tax effects mean to you as an individual. We will talk about specific businesses and the ease of entry into that business. Many new lawyers try to write off their law school tuition, but it cannot be done if it qualifies you for a new trade or business. Continuing education, however, required by the Bar Association or the AICPA is deductible and we will explain the difference to you. We might even throw in some of the latest lawyer jokes. I even have IRS jokes for when John is out of the office and leaves me unchained for the afternoon. So pull up a chair, pop open your favorite brew or a cup of really good coffee.You've done it. After months—maybe even years—of dedication and an encounter or two with writer's block, you've finished your eBook. You've heard that self-publishing for Amazon's Kindle is a breeze, so you go to their website and click "submit." Within a day or so, your eBook is available for purchase. Just like the self-publishing process, reporting eBook profits to the IRS is just as simple if you know what to do.
In the coming pages, w