tag:blogger.com,1999:blog-3105320592980752653.post3809644332177091215..comments2024-02-22T10:58:09.776-05:00Comments on Author Expressions: Getting to Know and Love the IRSJoyce Elson Moorehttp://www.blogger.com/profile/08761334760088495024noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-3105320592980752653.post-37723906828856496312013-02-13T16:47:19.868-05:002013-02-13T16:47:19.868-05:00The temptation to procrastinate is very strong. I ...The temptation to procrastinate is very strong. I would know; I do it all the time. But when it comes to taxes, like everything else, procrastinating only spells trouble. It’s easy to miss important details, especially when you’re in a rush. Not only will you miss filing this here paper and that form, you’re also most likely to make mistakes when it comes to reporting your tax returns. <br /><br /><a href="http://www.yourfinancialnavigator.com/tax-services-in-san-jose/" rel="nofollow">Harley Mcgowan</a>Anonymoushttps://www.blogger.com/profile/06817488025451787476noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-18518555440252276692013-01-08T07:31:18.880-05:002013-01-08T07:31:18.880-05:00I agree with Kathy here. Getting organized can rea...I agree with Kathy here. Getting organized can really help you prepare to file for tax. Some people tend to do all the paper work when the deadline is close, and end up having trouble because they don’t have all the papers they need. Anyway, the deadline for filing tax is near. If people want to avoid the trouble of not having the proper documents for the filing, it would be best to prepare all of them right away. Wystan Dalehttp://michigan.fixtaxproblemsnow.com/noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-40816032388255981352012-10-31T14:01:25.580-04:002012-10-31T14:01:25.580-04:00You clearly know how to handle your taxes. It is t...You clearly know how to handle your taxes. It is true that organizing and planning ahead of filing your tax is a smart move in order to avoid having complications with the paperwork. Keeping a ledger would help you keep track of all your transactions, though a virtual compilation would also be pretty helpful. You can try using programs such as Microsoft Excel for that. And I agree that receipts are important, as these will tell you where your money is going and how much money you earn, especially for small business and individuals.Kathy Gregoryhttp://illinois.fixtaxproblemsnow.com/noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-6238915945650820072012-09-16T13:31:41.120-04:002012-09-16T13:31:41.120-04:00Great post. Thanks for sharing this with us. Great post. Thanks for sharing this with us. BD Tharphttp://bdtharp.comnoreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-53836985981405658882012-09-08T13:07:53.014-04:002012-09-08T13:07:53.014-04:00I never thought of that! Thanks for the suggestion...I never thought of that! Thanks for the suggestion.Jacqueline Seewaldhttps://www.blogger.com/profile/09177500620940251009noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-26483356033204696202012-09-07T20:01:31.349-04:002012-09-07T20:01:31.349-04:00For many years I've been deducting almost all ...For many years I've been deducting almost all the books I buy. They're either writing craft books or mysteries that I read as part of my education.Kaye Georgehttps://www.blogger.com/profile/05596677617002735674noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-30310486585988740222012-09-07T19:58:36.092-04:002012-09-07T19:58:36.092-04:00"The library you build as a reference resourc..."The library you build as a reference resource is also deductible, though the IRS has special guidelines for books."<br /><br /><br />What special guidelines are there for buying books for a reference library, or even for buying books in your field to keep current with what is being published?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-6254212365190552572012-09-07T19:25:28.893-04:002012-09-07T19:25:28.893-04:00And that site is--
http://www.eclectics.com/articl...And that site is--<br />http://www.eclectics.com/articles/taxes.htmlKaye Georgehttps://www.blogger.com/profile/05596677617002735674noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-3083859288055698872012-09-07T19:25:03.498-04:002012-09-07T19:25:03.498-04:00I found another cite that gives IRS sections and s...I found another cite that gives IRS sections and some nice examples. Kaye Georgehttps://www.blogger.com/profile/05596677617002735674noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-36451667046742760572012-09-07T19:06:59.432-04:002012-09-07T19:06:59.432-04:00I can never find the pub when I need it, but if yo...I can never find the pub when I need it, but if you're a writer, a model, and something else (artist? musician?) you have many, many years to claim expenses before your profession gets declared a hobby. Most other categories are allowed only 3 years, or must turn a profit 3 out of 5 years. I did find this reference: http://writerinterrupted.com/2012/03/13/hobby-loss-interpretation-for-writers/Kaye Georgehttps://www.blogger.com/profile/05596677617002735674noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-47057445848641646482012-09-07T18:00:22.543-04:002012-09-07T18:00:22.543-04:00Kaye, I haven't heard that bit of advice. My h...Kaye, I haven't heard that bit of advice. My husband and I have spent a fair amount of time reading IRS information booklets, so I feel pretty confident in what I claim. But I have learned that many professionals only know one area within their field, and writing may one area where people need more training.<br /><br />Thanks for the comment, and I hope your income increases.Susan Oleksiwhttps://www.blogger.com/profile/02693057997469296068noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-67475830713398689002012-09-07T13:00:48.041-04:002012-09-07T13:00:48.041-04:00I'm surprised at how many writers have tax pro...I'm surprised at how many writers have tax professionals tell them they have a limited number of years they can claim expenses as a writer before showing a profit (or even income). I used to be a tax preparer and have always been a writer, full time for the last 12 years. No profit yet! <br /><br />I agree, records are necessary!Kaye Georgehttps://www.blogger.com/profile/05596677617002735674noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-49686159086991857662012-09-07T12:13:20.446-04:002012-09-07T12:13:20.446-04:00I didn't mention how important it is to be abl...I didn't mention how important it is to be able to look back and see how you've done over the years. That's an important point, so thanks for bringing it up.Susan Oleksiwhttps://www.blogger.com/profile/02693057997469296068noreply@blogger.comtag:blogger.com,1999:blog-3105320592980752653.post-56058946238328285972012-09-07T09:53:26.023-04:002012-09-07T09:53:26.023-04:00Hi, Susan,
Excellent advice for professional writ...Hi, Susan,<br /><br />Excellent advice for professional writers! I don't earn a lot of money from my writing either. However, I think it's important to keep a notebook for each year of earned income vs. expenses. This is for tax purposes but also for my own information. I find it very helpful.Jacqueline Seewaldhttps://www.blogger.com/profile/09177500620940251009noreply@blogger.com