TAXES, STUMBLING BLOCKS & PITFALLS FOR AUTHORS 2007 by Nash Black
If Publishing
101 Evergreen Rd, Jamestown KY
Genre: Taxation
Rating: Average
ISBN: 1432703633, $9.95, 126 pp.
Quoting from the back cover:
"A clear and concise guide for organizing and preserving expense records for writers as a sole proprietorship under current rules and regulations of the Internal Revenue Code using Schedule C and its supplements for the 1040 IRS form. Vital tips for preventing identity theft, keeping your computer free of viruses, worms and other headaches, personal security planning, and designing worry free book tours. Contains all 50 states and DC as to their sales tax percentage and contact information."
There is some information in this small book which might be of interest to new authors, of which there are many these days; however, unless an author is fortunate enough to realize significant financial returns from his writing efforts to show a profit at some point, the IRS may consider his endeavors to be a ‘hobby’ and not a business and therefore not eligible for business deductions. It is always important to keep all your receipts, protect your computer and personal identity, and I think most people today have the common sense to do so. Would I recommend this book to new authors? I don’t think so . . . based on its briefness.
Reviewed by Kaye Trout - May 31, 2007
101 Evergreen Rd, Jamestown KY
Genre: Taxation
Rating: Average
ISBN: 1432703633, $9.95, 126 pp.
Quoting from the back cover:
"A clear and concise guide for organizing and preserving expense records for writers as a sole proprietorship under current rules and regulations of the Internal Revenue Code using Schedule C and its supplements for the 1040 IRS form. Vital tips for preventing identity theft, keeping your computer free of viruses, worms and other headaches, personal security planning, and designing worry free book tours. Contains all 50 states and DC as to their sales tax percentage and contact information."
There is some information in this small book which might be of interest to new authors, of which there are many these days; however, unless an author is fortunate enough to realize significant financial returns from his writing efforts to show a profit at some point, the IRS may consider his endeavors to be a ‘hobby’ and not a business and therefore not eligible for business deductions. It is always important to keep all your receipts, protect your computer and personal identity, and I think most people today have the common sense to do so. Would I recommend this book to new authors? I don’t think so . . . based on its briefness.
Reviewed by Kaye Trout - May 31, 2007
posted by Kaye | 7:45 AM
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