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https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · Consult with your tax preparer if you have one, or refer to www.irs.gov for more information about which tax forms and documents apply to your situation. You should receive tax documents (a W-2 if you’re employed, 1099-MISCs from clients …
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.
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://blog.taxjar.com/sales-tax-guide-artists/
Oct 30, 2017 · Digital artwork – like books, music and downloadable patterns are taxable in about half of the U.S. states with a sales tax. Sales tax rates also vary …
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · 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.artworkarchive.com/blog/a-short-guide-to-doing-your-taxes-as-an-artist
When it comes to deciding if you need to file taxes as an artist, the IRS draws the line between whether you define your practice as a "hobby," or a "business." Quite simply, your art practice is defined as a business if you have the intention to sell your work regularly for profit and a hobby is done without financial incentive.
http://www.artstaxinfo.com/artists.shtml
The artist usually files a "Schedule C" as part of their regular 1040 income tax form, which is where you report your art income and expenses. The artist may file a form 8829 for the home office (studio) deduction and will also be required to pay self-employment tax (Schedule SE) on your net income (profit) as well as federal income tax.
https://stefanieoconnell.com/taxes-for-artists/
Mar 20, 2015 · Taxes for Artists The following is a guest post from former actor and current CPA Tom Kenison. The mere mention of taxes can elicit a wide range of reactions from benign neglect to outright panic- especially among those who see themselves as “artistic types”- unfortunately, neither response is …
https://www.artbusinessinfo.com/tax-tips-for-artists.html
Dec 01, 2012 · Tax Tips for Artists There's only one way to get on top of your tax affairs and that's to identify and address your weaknesses - or pay somebody to do it for you. This site is for those who think they can do better at tax - and aren't yet ready to pay somebody else to do their tax return.
https://learning.candid.org/resources/knowledge-base/funding-for-individual-artists/
Tax, legal and health care services are sometimes available specifically for cash-strapped artists, either for free or at discounted rates. Another way for artists to gain funding is to contact a nonprofit with a related mission that will serve as their fiscal sponsor.
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