Luke 20:22 "Is it
lawful for us to give tribute unto Caesar, or no?"
Successfully selling our
writing is wonderful. Seeing our name in print and our words out there for
others to read is one of the greatest feelings there is.
Getting paid for our hard
work is gratifying. But we need to remember that with payment comes the
responsibility to pay taxes on our earnings.
When we claim our writing as a business, we can deduct certain expenses and lower the amount of taxes we owe. But even if we claim our writing as a hobby and forget about claiming expenses, we will want to make sure we pay our taxes on time—April 15th, June 15th, September 15th, and January 15th—to avoid interest, penalties and angry IRS officials.
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