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Christian Communicator Interview – September 2013 issue
My interview with Elizabeth Syson for the Christian Communicator is now in print in the September 2013 issue. The title is “Do Taxes Tax Your Profit?” and it starts on page 7. It is the cover story...
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Recent U S Tax Court Decision Allows Long History of Annual Losses
In a recent decision (August 14, 2013), the U S. Tax Court ruled that a musician’s long history of annual losses won’t trigger the hobby loss rules [Gullion, Tax Court Summary Opinion 2013-65]....
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When Does Your Writing “Business” Actually Begin? Part 1
By Gary A. Hensley, MBA, EA Warning: Grab a hot cup of coffee or tea before you begin reading this dry, although critical, unbuttered toast of a blog. The title of this blog presents a straightforward...
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Take the Free Out of Freelance Writing
My brother, Dr. Dennis E. Hensley, put forward this advice recently in the May/June 2013 issue of Advanced Christian Writer (pages 3-4). He states: “Outsiders to our profession think writing is fast...
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Lower Your Taxes! Build Your Retirement!
The One-Participant 401(k) Plan By Gary A. Hensley, MBA, EA Small business (self-employed) owners have an incentive to establish a 401(k) plan instead of an IRA-based plan to increase their retirement...
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2014 Optional Standard Mileage Rates
The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving...
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Who Pays Federal Taxes?
The top 1% of all filers paid about 35% of all federal income taxes in 2011, the most recent year IRS has analyzed. Filers need to have adjusted gross income (AGI) of at least $388,905 to qualify for...
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Article in the 2014 edition of Christian Writer’s Market Guide
The just-released 2014 edition of Christian Writer’s Market Guide contains my article “Nailing Down Your Professional Status” starting on page 186. The guide is an excellent resource and I am very...
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Featured Article in “The Write Life” January 2014 edition
My article “Be A Professional Writer–All Year Long” is featured in the January 2014 newsletter of The Write Life. View the article here and sign up for your free subscription to this informative...
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A Special Provision for Writers in the Tax Law
By Gary A. Hensley, MBA, EA It may be (and usually is) months or years before a writer, author or illustrator has something published and they are compensated for that work. We generally associate...
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