Skip to main content

Taxes

Don't let anyone tell you that you can not claim your writing on your taxes. 

Start saving every reciept that is connected to your writing. 

I recieved 2 1099's from amazon.  I then decided to claim my writing on my taxes.  I did have a loss so I did recieve a refund. 

Find a tax person that takes is a professional and doesn't put your writing down.

I have an enevelope next to my computer and put the reciepts in the envelope.  When I went to do my taxes I didn't just throw all my reciecpts at him.  I printed out all my dectuctions to make it easier for him and I could see what I had and how much. 

Is your writing a hobby or a business.  I am in this for the long haul.  My writing is not a hobby.  I am selling books and I deserve to call it a business. 

Start taking yourself sersious.  You are a writer.  Start acting like a writer. 

So I am very excited about this new turn in my life.  I now tell everyone I am a writer.  I have my tax returns to prove it.

Things you can deduct on your taxes.

1.  Internet
2.  Computer and repairs
3.  Supplies, ink, paper
3 paying someone to edit, format, book cover
4 writer's conferences
5 travel expenses.
6.  ads, promo. business cards
7.  print books you buy/inventory
8.   writing courses/workshops
9.  Lunch with other writers
10.  Office furniture

Check with your tax person, before claiming any decductions.  You need the reciepts to claim any decductions.  Start saving all reciepts and you can sort them out later in the year.

While you are getting your taxes this year, talk to your tax person and ask what you need to do next year.

You are a writer.  Start acting like a writer.

http://sharonleejohnson.com
 

Comments

Post a Comment

Popular posts from this blog

Write No Matter What

I woke up and felt like a truck hit me.  I still turned my computer on and started writing.  That is the only way the story is going to get written.  Do I feel like writing?  Nope.  Do if feel like Blogging?  Nope.  I write cause that is what I do.  So I poured me a soda and let the caffine take its effect.  I have to get ready for work in a bit, I blooged, I wrote a bit, so I am still going in the write direction. I write no matter what.  whether I feel like  it or not. Have a great day. http://sharonleejohnson.com/
Post a Comment
Read more

Work Ethic

What is your work ethic????  It might get that book written sooner. I admit that televison is my distraction from writing.  I can not write in the living room, where the telvision is staring at me.  I know it talks to me.  Maybe your distraction is something dirrerent.  The dishes calling you to wash them or those dust bunnies talkling to you.  Whatever it is we need to stop listening to them. I always plan on writing more than I do.  I came home from work yesterday, and had plans to write, then I ate and started flipping channels and then the time slipped by and I didn't write anything.  I think it all come down to one's work ethic.  Some have one and some don't. I think I am one of them that does not have a strong work ethic.  The fact that I want my book finished, is what motivates me.  I want to be a writer, so I write. http://iamwalkingwithgod.blogspot.com/
Post a Comment
Read more

Writing When Sick

I didn't feel good the last two days.  I slept a lot, but I was still thinking about my writing.  I did sit on the couch with my laptop and did some writing, though that I know that I need to do rewrite, but I did write.  Today I feel better and hopefully I will get more pages into the computer.  I started the rewrite of a novel that has been rejected 20 times and I will get it back on the market. So that I it.  I am going to start writing and get this done. What are you working on??? This is a new year.....New Beginning. Let us follow our dream together check out my other blog: http://iamwalkingwithgod.blogspot.com/ Write Something Today
Post a Comment
Read more