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https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · If you are a performing artist, such as an actor, dancer or musician, payments that you receive from someone who is not your employer (for example, payments for freelance work) may be considered income from self-employment and reportable on Schedule C, Profit or Loss from Business.
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Updated for Tax Year 2020. OVERVIEW. The chance to be creative—and the opportunity to be your own boss—makes working as a musician exciting. Here are some of the top business deductions and expenses for self-employed musicians, as well as some tips to guide you through filing your tax return.
https://blog.taxjar.com/sales-tax-guide-artists/
Oct 30, 2017 · Sales Tax Guide for Artists. by Jennifer Dunn • Oct 30, 2017. When you own a creative business you don’t want to spend a second longer than you have to dealing with complicated headaches like sales tax. This guide will provide artists with the info they need to get a …
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · A Simple Tax Guide For Artists Some of the most important things to know about doing your taxes as an artist By Karina Vahitova on January 31st, 2018. Photo by NeONBRAND. What does it even mean to do your taxes? Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person.
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.
https://www.backstage.com/magazine/article/the-actors-guide-to-filing-taxes-67405/
Nov 18, 2020 · To qualify as a “performing artist” in the eyes of the IRS, you must be able to prove that your work is part of a legitimate business intended to make a profit, and not a hobby. The IRS relies on...
https://www.moneycrashers.com/financial-planning-musicians-performing-artists/
Professional performance artists who are also W-2 employees have an important tax perk: While most W-2 employees can only itemize expenses over 2% of their annual income, musicians employed as statutory employees (as opposed to independent contractors who receive a 1099-MISC from the venue or producer) can deduct expenses right down to the first dollar, via the Performing Artist Tax Credit.
https://www.mass.gov/info-details/a-guide-to-withholding-taxes-on-performers-and-performing-entities
A Guide to Withholding Taxes on Performers and Performing Entities This guide was developed to help venues, promoters, and others who pay athletes, entertainers, or speakers for performances in Massachusetts to determine whether they should be withholding tax on their payments, and if so, how much to withhold.
http://booksbykelly.com/files/Performing-Artist.pdf
PERFORMING ARTIST’S EXPENSES (continued) BUSINESS EQUIPMENT PURCHASED & LEASEHOLD IMPROVEMENTS Audio visual, answering machine, computer, software, tape recorder, pagers, telephones, furniture, fax, etc… Item Purchased Date Purchased Cost (including sales tax) Item Traded Additional Cash Paid Traded with Related Property Other Information
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