What happens when writers suddenly face a windfall? Bad things. That’s why the Whiting Awards include a financial planning workshop for winners. Winners of the 2016 Whiting Awards each received $50,000. For authors who are struggling as freelancers or adjunct professors, that is a huge influx of cash....more
Posts Tagged: taxes
“Tax law is like the world’s biggest game of chess with all sorts of weird conundrums about ethics and civics and the consent of the governed built in,” Wallace wrote in an email to his friend, the novelist Jonathan Franzen, in 2007.
In an essay on Narrative.ly, Alison Gerber recounts the rather harrowing IRS audit of Minneapolis artist Venus DeMars:
Sometimes the line between professional and amateur is a clear, bright one. But in the United States artists are, for the most part, just artists, moving in and out of day jobs and commercial work, employment and unemployment, windfall and drought: professional artist, serious artist, working artist, real artist.
“Further questions should be referred to my accountant, the aforementioned Marty, who is no longer employed by H&R Block and who was, last time I checked, living in a small cardboard domicile outside Davis Square.”
In response to Mitt Romney’s recalcitrance to release more of his tax returns, Rumpus columnist and author Steve Almond has provided Boston’s NPR affiliate radio station WBUR with his own returns — complete with explanatory notes that give financial transparency a new meaning....more
I grew up poor. Not too poor. My relatives in the Philippines would certainly not consider my youth as poor. But poor like I thought vacuum cleaners were luxury items. I used to sweep the carpet....more