• Welcome
  • Who We Are
  • What We Do
    • Audience Platform
    • Book Proposal
    • Content
    • Literary Management
    • Questions Every Author Must Answer
    • When Do You Need a Book Development Editor?
  • Why Work With Us
  • Contact
  • Blog
1099 MISC
Authors have an IRS deadline of Jan 31st
by, Jill Swenson
January 30, 2018

As a writer in the process of getting published, you may have paid more than $600 to a literary agency, editor, photographer, website designer, or book packager to work with you this past year. You can claim this amount as an expense when you file a Schedule C; it will lower how much tax you have to pay on your income. Here is the link… [Read More]

Filed Under: 1099 MISC, January 31 deadline, Non-Employee Compensation, taxes
No Comments
Tax Preparation Time for Authors
by, Jill Swenson
January 24, 2017

It’s January and the time of year when you need to prepare your taxes or gather the information together to take it to a tax professional. Before January 31 you are required to file 1099-MISC forms for income you paid to independent contractors during the last year. If you paid more than $600 to an individual or a contractor for professional services related to the… [Read More]

Filed Under: 1099 MISC, Expenses, Income, IRS, royalties, taxes
1 Comment
Adventures with the IRS
by, Sharon K. Yntema
September 2, 2015

Sharon Yntema, bookkeeper and author, shared her good experience with a small publisher in a recent blog and here she shares her story and good advice for the business of being an author. In 1981, I received my first author royalty check. Up until that point, my tax returns had been totally straightforward: one W2 was all I had to deal with, and so I… [Read More]

Filed Under: 1099 MISC, business expenses, deductions, IRS, royalty checks, Schedule C, Self-Employment Tax, taxes
4 Comments
NEWSLETTER
RECENT ARTICLES
Beating Cynicism and Bridging the Trust Gap
Mar 9, 2021   |   Jill Swenson
The Business of Being an Author: Email Etiquette
Feb 16, 2021   |   Jill Swenson
The Soul’s Twins: A Book Giveaway
Feb 9, 2021   |   Jill Swenson
20 Ways to Help Authors in 2021
Jan 12, 2021   |   Jill Swenson
An Eye-Opening Read—Who Gets In and Why by Jeff Selingo
Jan 5, 2021   |   Jill Swenson
view more

ARCHIVES

Growing Good Ideas Into Great Books

CONTACT US

    LINKS

    • Blog
    • Contact
    • Home
    • Why Work With Us
    • Audience Platform
    • Book Proposal
    • Content
    • Literary Management
    • New Releases

    TWITTER

    • RT @loftliterary: THREAD: Announcing the Loft's plan for #LoftWordplay 2020. In the interest of keeping our communities healthy this May, w…
    @swenbooks
    Copyright © Swenson Book Development - All Rights Reserved
    Privacy Policy