It’s that time of year again. Writers everywhere are casting desperate glances around their workspace wondering where the money’s gone. Wishing they could rewind the last 11 months and keep better records (or any records!). Generally wondering how they’re going to make it through another tax season. Some writers realize that writing is a business […]
Tag Archives: Schedule C
If you are the sole proprietor of a business and you file Schedule C with your federal income tax return, you will notice a new line on the schedule starting in 2011. In Part I, line 1a is for “Merchant card and third party payments”. It also indicates that you should enter -0- for 2011. […]