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https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · For U.S. residents, tax day is April 15th. And if you’re an artist, filing your income taxes is probably not so straightforward. Like other professionals who work in …Estimated Reading Time: 7 mins
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
If you're a professional artist, there are many deductions you can take to reduce your taxable income for the year, and thereby reduce your taxes. Such deductions are quite valuable--for example, if you're in the 22% tax bracket, each $100 in deductions saves you $22 in income tax.Estimated Reading Time: 7 mins
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · Often these artists feel they are too stressed, confused, or busy for proper tax planning, but paying too much money in taxes can hurt you both personally and professionally. This is doubly true for freelancers and small business owners who don’t have the …
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person. Every year when you file your Individual Tax Return, also known as your 1040 form, you are painting a picture of your financial life for the IRS. This picture consists of your losses and your gains — this is what the IRS wants to know on the most basic level.Estimated Reading Time: 7 mins
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · If you sold a work on your own, you should, technically claim it as income (though most people don't, since the government doesn't really have any way of knowing about the sale.) If you do report sales income, use a 1040 Schedule C to report all sales revenues and expenses that pertain to your art making practice.Estimated Reading Time: 6 mins
https://www.gyst-ink.com/taxes
All these forms are part of the year-end 1040 income tax filing. As a self-employed artist, you will usually be required to pay estimated quarterly taxes using Form 1040-ES if your Federal tax liability is over $1,000 for the year. For the IRS, deductible business expenses are: Incurred in connection with your trade, business, or profession.
https://www.sapling.com/5758646/file-taxes-artist
How you file your taxes as an artist depends on whether you engage in your art as a hobby or a business. According to the IRS, a business is an activity intended to generate a profit and a hobby isn't. If you're trying to make a profit or expect to make a profit from your artwork, you can classify it as a business. However, if you aren't putting in time or effort to make the sale of your art a profitable …
https://pocketsense.com/file-taxes-work-freelance-artist-19779.html
Dec 12, 2019 · Freelance artists are taxed as sole proprietors unless they've chosen a different legal structure for their businesses. Those structures include limited liability companies (LLCs), S corporations and C corporations.
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