The National Directory of Certified Public Accountants

Ask A CPA - Self-Employment Taxes

Are The Royalties I Received For Writing A Book Subject To Self-Employment Taxes ?

The Royalty checks for writing a book is considered income subject to self-employment tax if the recipient can be considered to be regularly engaged in that business or profession and will report this activity on a Schedule C. The Royalty checks for writing a book is not considered income subject to self-employment tax if the recipient writes only one book as a sideline and will report this activity on a Schedule E

If you need professional help with "Self-Employment Taxes" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.