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https://www.proactiveresolutions.com/artists-averaging-relief/
Dec 08, 2019 · Artists Tax- Averaging Relief is designed to help artists who have significant fluctuating income from one year to the next. The tax consequence of this fluctuating income could be no tax to pay when profits are low, followed by paying tax …
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
The Tax Cuts and Jobs Act established a brand new deduction that allows owners of pass-through businesses, including artists, to deduct an amount equal to up to 20% of their net income from the business. This is in addition to all their other art business deductions.
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.
https://blog.taxadvisorypartnership.com/blog/private-client-tax/art-authors-tax-averaging
The Art of Tax : Averaging for Creators of Literary or Artistic Works If you are an author or artists, managing your cash flow and keeping your tax liabilities down is crucial. As you focus on creating your literary, dramatic, musical or artistic works you may have little or no income in a tax year.
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 a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make a profit, their practice is considered to be a business.
https://www.gov.uk/government/publications/averaging-for-creators-of-literary-or-artistic-works-hs234-self-assessment-helpsheet
Jul 03, 2014 · Averaging for creators of literary or artistic works (Self Assessment helpsheet HS234) Find information about the averaging tax relief available for authors or artists. From:
https://www.ato.gov.au/Forms/Income-averaging-for-special-professionals-2020/
If you are an artist, composer, writer, inventor, performer, production associate or sportsperson, this guide will explain special averaging provisions which may apply to your income. ... How to work out tax payable with income averaging; Income averaging for special professionals 2020 Who is a special professional? A special professional is an ...
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