By Elizabeth S. Craig, @elizabethscraig
I had my appointment with my CPA on Wednesday. The appointment was in the middle of the Southern snowstorm aftermath, actually—there’s nothing like adding to the misery of taxes with a minor natural disaster, you know. I hired a CPA last year when I continued waking up in cold sweats in the middle of the night, worrying that I was doing my taxes wrong. I didn’t think I’d fit in well in tax jail. I decided I didn’t mind paying for peace of mind.
She had me painstakingly pick through my bank account and pull out every deposit from all sources…self-publishing and traditional publishing…for 2013. This was nightmarish and took the better part of an hour. But I didn’t have the 1099 from Amazon yet and she wanted to double-check all my income sources anyway, so I combed through the statements. The entries I was looking for were direct deposits and checks from Penguin (via my agent), Llewellyn (my agent doesn’t represent me with this publisher), Amazon, ACX, Smashwords, Apple, CreateSpace, and Barnes & Noble.Continue reading