Grace Tam wrote an article in the CWC South Bay branch’s April newsletter. She received the information from Bonnie Lee who spoke at their March meeting. The IRS views writers as professional or hobbyist. “Professional writers write by day and night and can deduct all eligible expenses. Hobbyists have a day job unrelated to writing and write in their spare time. Hobbyists can deduct only the amount of expenses up to the profit made from writing– unless they go the extra mile to prove business intent.”
How do we prove business intent? By keeping records on all our writing activities including a mileage log and a separate checking account for writing. Keep all receipts during the year for all writing-related expenses, even announcements for writing classes, conferences, submission fees, social media set up fees, promotion costs, etc. And, of course, record the money you received for your writing. I was paid for my stories that were published in two anthologies. Not enough to cover my year’s expenses, but I consider myself a professional by the definition above, so I can deduct them all.
I was surprised to read that writing research trips are tax deductible even if our novel never gets published. However, we have to be able to show a copy of the manuscript, proof of an effort to get it published such as letters to agents, publishers, etc., and rejection letters.
Thanks Grace and Bonnie for clarification. Now I better get all those documents together before I see my accountant next week.
Teresa Leyung-Ryan, or Coach Teresa as she is known, has a book published called, Build Your Writer’s Platform & Fanbase In 22 Days: Attract Agents, Editors, Publishers, Readers, and Media Attention NOW.
She inspires attendees at the San Francisco Writers Conference annually. She is a supportive coach for writers helping them identify themes and archetypes.
Her Love Made of Heart is a mother-daughter novel.
Stacey Gustafson helps J.K. Royce over PILZ book cover publishing bump with humor.
Check out J.K. Royce’s publishing journey with her novel, PILZ.
PILZ: Coming to Amazon Soon
Gorgeous photos of Hawaii and my friend’s beautiful voice. Below is an excerpt from Lauren’s newsletter explaining Ho’oponopono.
Sweet to hear that a video made from my song
Heal with Ho’oponopono had reached 48,000 views. One fan of my song Heal with Ho’oponopono asked if they could use it with her beautiful photographs of Hawaii. Click to listen/watch!
I originally wrote the song during a 6 week period while living on Maui. I would go to the ocean and meditate on the Hawaiian practice originated in ancient times and then re-taught by the late Morna Simeona. With the ALL of the One, it combined a kahuna practice of uniting the child self with the mother and father God Aspects that had become separated by limited perspective.
Truth is simple. The practice is simple. The song is really simple. And yet all this is so profound and effective. Its a mystery. Truly a surprise that it works so well. I have been so surprised at the groups using it daily now. You can download just the song in English or in Spanish: Heal with Ho’oponopono song, Sana Con Ho’oponopono.
Both versions are now available as downloads from CDbaby.com, i-tunes, and Amazon.com. Click here:
Thomas Jefferson’s quote applies to the characters we develop as well. When we writers show how the characters take action, the readers know them on a deeper level and keep turning the pages.
“Do you want to know who you are? Don’t ask. Act.
Action will delineate and define you.”