Book royalties and direct sales are self-employment income, and your editing, cover design, and ads are deductible.
Self-published authors report on Schedule C, earning royalties from retailers, print-on-demand sales, and direct sales of their work.
The professional services and promotion that go into publishing a book are ordinary deductible expenses, even when they precede the first royalty payment.
Income you’ll report on: 1099-NEC, 1099-K.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include professional editing and proofreading, cover design and formatting, isbns and copyright registration fees, advertising and book-promotion services, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
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