Taxes for Self-Published Authors – Filing Taxes for Writers & Tax Deductions

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

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Mandi Lynn published her first novel when she was seventeen. The author of multiple books, Mandi spends her days continuing to write and creating YouTube videos to help other writers achieve their dreams of seeing their books published. Mandi is the owner of Stone Ridge Books, a company that works to help authors bring their books to life through cover design and digital book marketing. She is also the creator of The Book Launch Planner, a planner designed to help authors publish and market their books. When she’s not creating, you can find Mandi exploring her backyard or getting lost in the woods.

DISCLAIMER: This video and description contain affiliate links. By purchasing a linked product or service, Mandi Lynn will receive a small commission at no additional fee to you.

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