Scribd Logo
Upload

Welcome to Scribd!

  • 65 views

    Top 5

    Uploaded by

    mk4141
    The document debunks several common myths about taxes for artists, including that artists can't deduct expenses, that donations to non-profits can't be deducted, that tax situations differ only based on income, and that getting an education on the business side of being an artist won't help with taxes. It encourages artists to claim losses as long as they can prove they are trying to make money, deduct work-related expenses even for non-profits, and get educated on the business of art to make filing taxes easier.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Top 5

    Uploaded by

    mk4141
    65 views1 page
    The document debunks several common myths about taxes for artists, including that artists can't deduct expenses, that donations to non-profits can't be deducted, that tax situations differ only based on income, and that getting an education on the business side of being an artist won't help with taxes. It encourages artists to claim losses as long as they can prove they are trying to make money, deduct work-related expenses even for non-profits, and get educated on the business of art to make filing taxes easier.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document debunks several common myths about taxes for artists, including that artists can't deduct expenses, that donations to non-profits can't be deducted, that tax situations differ only based on income, and that getting an education on the business side of being an artist won't help with taxes. It encourages artists to claim losses as long as they can prove they are trying to make money, deduct work-related expenses even for non-profits, and get educated on the business of art to make filing taxes easier.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    65 views1 page

    Top 5

    Uploaded by

    mk4141
    The document debunks several common myths about taxes for artists, including that artists can't deduct expenses, that donations to non-profits can't be deducted, that tax situations differ only based on income, and that getting an education on the business side of being an artist won't help with taxes. It encourages artists to claim losses as long as they can prove they are trying to make money, deduct work-related expenses even for non-profits, and get educated on the business of art to make filing taxes easier.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Top5Art

    istT
    ax
    Myths
    :Debunked!
    1)I
    fI’
    m notmaki
    Whil
    eitwon’
    tl
    ngal
    a
    stf
    or
    otofmoney
    ever
    ,f
    ,I
    can’
    tdeduc
    oranumberofyea
    r
    tmyexpens
    s(
    5)t
    heIRSwi
    es
    l
    l
    .

    al
    l
    owy outocl
    aiml
    ossesasl
    ongasyoucanproveyouaret
    ryi
    ngto
    makemoney.Andyou’
    lls
    aveta
    xesi
    nthemea nti
    me.

    2)WhenI
    t
    er
    y
    est
    ours
    er
    dowor
    edi
    v
    nt
    i
    c
    ry
    i
    est
    kf
    ngt
    ornonpr
    odet
    oanonpr
    er
    ofit
    ofit
    mi
    ,
    nea
    y
    s
    ,

    ouc
    Ic
    na
    a
    anwr
    ppr
    i
    t
    opr
    ndeduc
    ei
    i
    at
    tt
    toffonmyt
    eval
    uef
    hedi
    r
    ory
    ec
    tc
    axes
    ourt
    ostsa
    i
    .
    me
    s
    s
    TheI

    oc
    .
    I
    i
    a
    RSi
    fy
    t
    snoti
    oupr
    edwit
    ov
    ht
    i
    n-
    de
    he
    workyoudid(suppl
    ies
    ,tr
    avel,etc
    )butnotyourusual
    “fee.
    ”(Unlessyoualsoin-
    cl
    udeitasi
    ncome- -
    inwhichca s
    eit’
    sawa s
    h.)

    3)Ifmy
    etc)
    .
    .
    .
    .
    .
    .
    I
    (c
    as tmember
    havet oaswel
    ,
    c
    l
    .
    o-
    T
    wor ker
    wopeopl
    ,
    et
    eea
    c
    ).
    r
    .
    .(
    ni
    paysquar
    ngt heexac
    t
    er
    ts
    l
    a
    yes
    mea
    ti
    mat es,i
    sanLL
    mountofmoney
    C,

    fort
    hee xactsamewor kma yhavec ompletel
    ydifferenttaxsi
    tuati
    ons .
    Younev er
    knowwhoi sat r
    ustfundba byorwhoha stenbabies.Youareunique,soa r
    ethe
    answerstoy ourtaxques t
    ions.

    4)Doi
    hav
    ngmyt
    eafir
    ax
    m gr
    esi
    as
    salwaysgoi
    ponwha ti
    ngt
    tmea
    os
    nst
    uck.
    obei
    F
    orbet
    nt
    t
    hebus
    erorwor
    i
    nes
    se
    sofma
    ,t
    hea
    ki
    nga
    rt
    r
    i
    st
    tt
    swho
    endto
    havethebes tcareer
    s.I
    fal ongl i
    feofea r
    ningaliv
    inga sanarti
    sti
    sy ourgoa l
    ,
    geteducateda boutthebus i
    nesssideofthings.I
    t’
    llma ket
    axesabr eeze.

    5)IfI
    etc
    .
    .
    )
    .
    (
    .
    .
    c
    .
    I
    l
    ai
    wi
    m al
    ll
    oss
    ,inc
    getaudit
    ludemeal
    ed. Whi
    let
    expens
    heIRSi
    es
    sat
    ,
    t
    deduc
    empti
    thomeoffic
    ngtoholds
    eexpens
    el
    f-employ
    es,
    edi
    ndi-
    vidual
    salit
    tlemorea ccounta
    blethant heyusedto,t
    her
    eisnothi
    ngt obea f
    rai
    d
    ofaslongasy oureportther
    eali
    tyofyoursi
    tuati
    on.Noonecanarguewi t
    hthat.

    ht
    tp:
    //
    roc
    kst
    arc
    pa.
    com 312-
    794-
    7728

    You might also like