Taxes for Self-Published Authors – Filing Taxes for Writers & Tax Deductions // Today we’re talking about how to file taxes as an indie author, and someone how may be self-employed and own a business. As an author, you don’t get income taxes taken out of your paycheck, so you have to keep track of everything yourself when you file your taxes every year (or quarterly). DISCLAIMER: I am not a tax expert. Everything in this video is what I’ve learned and understand to be true. Please do your own research and consult a CPA when filing your taxes.
Learn how to use my expenses & income Google sheets: https://bit.ly/3d3LUdY?
Download my Author Paycheck & Expenses Google Sheet: http://bit.ly/35EhUy9?
Vivien Reis’s Video on Taxes: https://bit.ly/2NbTacU?
IN THIS VIDEO:
0:00? – Intro
2:00? – Tracking Expenses & Income
4:21? – Keeping Receipts
5:16? – Know Your Income Streams
8:42? – What Forms Your Need
11:44? – Business Bank Account
12:40? – Deductions
14:34? – How Much Is Income Tax?
15:37? – Auditing