Since her first crime thriller, Blindsighted, became a bestseller in 2001, Karin Slaughter’s books have sold more than 30 million copies  and earned her tens of millions in royalties.  Now, the 43-year-old Atlanta writer has a new and fearsome antagonist: the Internal Revenue Service.

Among other things, Slaughter and her tax advisers, for their part,  reduced the Medicare tax bite by reporting the bulk of her book income on Schedule E as “Royalties” instead of on Schedule C as self-employment income. In the new suit they argue that this is proper because most of  the millions she receives are for use of “her name, her image, intellectual property rights, fan base, and other assets, and not for services rendered.”

To  read more, see  Tax Thriller: Best Selling Crime Writer Karin Slaughter Versus The IRS.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.