Thursday, December 13, 2007

On-Line Class: Taxes for Writers (Hobbist, Semi-Pro, & Pro)

The Online Campus of Hearts through History Romance Writers Present

Class: Everything You Never Wanted To Know About Taxes
Instructor: Diane O'Brien, CPA/Attorney At Law/Writer
Dates: January 6, 2008-January 31, 2008
Registration Deadline: January 6, 2008
Fee: $10/HHRW Members, $20/others
Registration: www.heartsthroughhiRegistrat (click on HHRW Mall, then CampusFMI: _classes@heartsthrouclasses@hecla_(

Class Description: Do the letters I-R-S strike fear in your heart? Are you confused about how to report your income and deductions? Have no ideas what records to keep? This class is for you! This informative yet surprisingly entertaining class will address critical tax issues for both the beginning and experienced writer, including: (1) the myth of the "Hobby Loss" rule; (2) federal income tax forms relating to your writing business and how to properly prepare the forms; (3) business expense deductions, including the options available and the pros and cons of each option; (4) self-employment taxes - what they are, how to compute them, and when they are due; (5) red flags to be aware of; (6) record keeping for your writing business; (7) whether incorporating is right for you; (8) state sales tax issues; (9) setting up a retirement for your writing business. You'll learn more than you ever wanted to know about taxes in this useful online seminar. What's more, you'll get to pick the brain of an experienced CPA/tax attorney without incurring outrageous fees! And, don't forget, the class fee is tax deductible!

BIO: Diane O'Brien Kelly is a CPA and tax attorney with almost two decades experience in federal and state taxation. She spent several years with international accounting firm KPMG Peat Marwick, and has also served as an Assistant Attorney General for the State of Texas. Diane currently works asa tax attorney in Fort Worth. Diane writes humor and romantic comedies, as well as an occasional article on taxation when she's feeling exceptionally boring. Her work has been published in Writer's Digest Yearbook, the Romance Writers Report, Byline magazine, True Love magazine, the Fort Worth Business Press, the Fort Worth Star-Telegram, and Northwest Family News. She is a tax columnist for Nink,the newsletter of the writers'group Novelists, Inc. Diane publishes a new short humor piece each month on the "Blarney" page ofher page of her website, , www.dianeobrien taxtips on her "Tax Tidbits" page. She distributes a quarterly newsletter, "The Blarney Blub," which is chock full of great tax advice. Diane speaks on taxation for writers and teaches a Writer's Workshop at her local rec center. She is a member of Romance Writers of America and Dallas Area Romance Authors. Diane lives in the Dallas-Fort Worth area with her husband, two children, and enough cats and dogs to violate several city ordinances.

Format: Course is conducted via Yahoo Groups email with lessons and Q & A., http://www.dianeobrienkellwebsite

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