On this episode we’re going to speak about keep out of jail … relating to your taxes …
I’m excited to introduce our visitor.
So, we introduced in a CPA who has coached authors, celebrities and small companies for over thirty years. He’s the man that the opposite accountants flip to with their questions. He’s sincere, inventive and sensible – a singular mixture amongst accountants. He additionally occurs to be my dad, Tom Umstattd Sr. He has requested me a number of occasions to not name him an “professional” so I’ll allow you to make that dedication by yourself.
When April 15 rolls round, you’ll be glad you took this course.”
Speaking Factors:
- Does being an creator assist you to lower your expenses on taxes?
- So how do I do know if I’m operating.
- What sort of deductions can authors take?
7 Tax Saving Suggestions the IRS Doesn’t Need Authors to Know
- Whether or not or not you qualify for tax deductions in your writing-related bills (not all writers qualify). Additionally, you will discover out concerning the 9 elements the IRS makes use of to find out if somebody is knowledgeable creator or not.
- A couple of easy instrument that can assist you to make more cash as an creator whereas serving to make you grow to be extra audit-proof.
- Learn how to begin making a writing earnings even earlier than your first ebook comes out.
- Whether or not or not it is advisable type a enterprise entity, and which entity is greatest for authors (S Corp or LLC). We will even share an affordable and straightforward approach to type a enterprise entity.
- 19 totally different totally different tax deductions authors can benefit from.
- 5 methods to scale back your probabilities of being audited by the IRS.
- Learn how to keep away from frequent errors that always get authors in bother with the IRS.
