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Find A Tax Person Who Treats You Like a Business Owner


Find A tax person who doesn't think you are crazy.

If you are a writer, then you are a business owner.  Your book is the product you are selling.

When you are filing your tax person, make sure that person understands that you are taking your writing seriously.  You will file a Schedule C Profit or Loss from business.

Amazon will send you a 1099

OR
I found my on my dashboard of kdp.  Click on your account on top of page, then click on tax forms.. 

If you wait for them to show up in the mail, it could be in the middle of February till they arrive.

If the tax person tells you that you didn't make enough to claim your writing, then find another tax person

My tax person, encourages my writing and takes me seriously.  If I have a loss, I get a refund.  if I made money, I have to pay taxes. 

Don't listen to co workers, friends or family, that tells you not to claim your writing.  Look around for a good tax person that you can contact year around.  You made need their advice in the middle of summer, when you sell a million copies of your book.

If you get a large royality, it is suggested that you pay tax on that right away, don't wait till the end of the year to file, you might get fined.

So you need to talk to your tax person and find out where you stand.

I am not a tax person, I am only making suggestions on how I filed.  Everyone who files will be different.

Save all receipts that you use for your writing.  Put them in an envelope.  I bought a new computer just for writing.  I made copies of my receipts and placed them in a folder.  All my receipts Throughout the year will go in that folder, and at the end of the year, I will have them for my taxes and not have to look for them.

Hope this helps.  Leave a comment on let me know how you prepare to do your taxes.

Some items you can deduct:

1.  Writing Supplies

2.  Editing

3.  Book Covers

4.  Promotion

5.  Tax Preparer

6.  Internet

7.  Writing classes on line

8.  Writing conferences

9.  Mileage

10. Formatting

11.  Anything else that contains to your writing.

SAVE ALL YOUR RECIEPTS

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