Tax tips for authors: Learn how your agent is reporting your writing income

One of the things that can affect your tax returns is the income that you report from writing in the form of royalties, advances, etc. Many of you will have literary agents and those agents will report to you what you’ve earned at the end of a year on a 1099. While the IRS says that agencies are supposed to report to their clients the gross income amount that was received, most agencies report on the net basis, and the IRS doesn’t seem to be aware of, or care about that. But as an author, you really need to know on what basis your agent is reporting income because it could potentially affect your tax return.

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5 Approaches to writing group success

Writing groups offer their members a wealth of benefits. In fact, studies indicate that membership in a writing group can actually help boost your publication rate. In an examination of the publication rate of 48 female medical school faculty before and after participating in a writing group, Sonnad et al. found that the professors’ average publication rate increased from 1.5 papers per year to 4.5 papers per year after joining the writing group. Cumbie et al. also describe increases in productivity among writing group members, reporting “significant and positive writing outcomes in the form of manuscripts submitted for publication, abstracts submitted for conference presentations, [and] grant proposals developed.”

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