Taxes with Diane Kelly
Manage episode 346922946 series 3373728
Taxes may not be the most glamorous part of being an authorpreneur, but they are an essential part of running and building your business.
Because we don’t know what we don’t know, Kathryn invited Diane Kelly to give us an overview of what we need to consider when it comes time for taxes. Not only does Diane have extensive experience as a tax attorney for both private companies and the government, but she’s a hybrid author of over 40 titles!
About Our Guest:
Diane Kelly is a fan of furry, four-footed creatures and creatively concocted whodunnits, and combines the two interests in her mystery series. Diane has published over forty novels and novellas, including the Death & Taxes white-collar crime series, the Paw Enforcement K-9 series, the House Flipper cozy mystery series, the Busted female motorcycle cop series, the Southern Homebrew moonshine series, and the Mountain Lodge Mysteries.
Find Diane online at www.DianeKelly.com, on her Author Diane Kelly page on Facebook, and on Twitter, Instagram, Pinterest, and TikTok at @DianeKellyBooks.
Topics Discussed in the Episode:
See the tab above “Chapter Markers” for a list of Timestamps.
Highlights include:
- How the IRS determines if you are a Hobby writer or Professional Writer
- Currently allowed deductions for writers
- Document everything!
- How to choose someone to prep your taxes
- Fast Fave Three
All the links for Authorpreneurs Unleashed and Unleashing the Next Chapter:
- Learn more about Unleashing the Next Chapter, Authorpreneurs Unleashed, and Kathryn at UnleashingTheNextChapter.com.
- Find all our social media links HERE.
- Subscribe to the Unleashing email newsletter HERE
- Subscribe to the Authorpreneurs Unleashed podcast HERE or through your favorite podcast player.
Chapter
1. Taxes with Diane Kelly (00:00:00)
2. Diane Kelly's Expertise (00:03:55)
3. Taxes- Talk to me like I'm 5 (00:15:27)
4. Hobby, Part-Time or Professional? (00:16:21)
5. What IRS looks for during an Audit (00:18:39)
6. Assests -Appreciation & Depreciation (00:23:16)
7. Meals, Transportation & Travel (00:27:59)
8. DIY or CPA? (00:40:48)
9. DBA or LLC (00:43:35)
10. How to choose a Tax Preparer (00:46:36)
11. List of Non-Deductible Items (00:51:38)
12. Diane Kelly on the Internet (00:52:59)
13. Fast Fav Three (00:54:56)
52 episode