Writers' Essential Tax Guide

This guide provides essential federal income tax information for writers, including: (1) how to determine if your writing activities constitute a business or a hobby; (2) whether incorporating is right for you; (3) federal income tax forms related to your writing business and how to prepare the forms; (4) business expense deductions, including the options available and the pros and cons of each option; (5) self-employment taxes – what they are and how to compute them; (6) estimated taxes; (7) setting up a retirement plan for your writing business; (8) record-keeping for your writing business; (9) an overview of state tax issues; and (10) tips for hiring a tax preparer and minimizing fees.