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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · 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. Your losses are qualified as the amount of money you lost on making something happen.Estimated Reading Time: 7 mins
https://www.artistsnetwork.com/art-business/the-taxing-side-of-art/
Mar 09, 2018 · As artists, we typically spend more time engaging the creative side of the brain, and less time worrying about itemizing lists of expenses. But when it's time to file your federal and state taxes having good records becomes important. Want to ensure an optimal return? Here are seven tips for surviving tax season.Estimated Reading Time: 3 mins
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · 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.Estimated Reading Time: 7 mins
http://robergtaxsolutions.com/2011/06/tax-tips-for-artists-things-you-need-to-know/
Here’s the thing—most artists should not be doing a Cost of Goods Sold report on their taxes. Let me repeat that: Most artists should NOT be doing a Cost of Goods Sold report on their taxes. …
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · The tax advantages of treating your art like a small business Come tax time, the goal is to save as much tax money as possible, and this is why you might want to make your art practice into an official business. Simply put, qualifying for business tax deductions will make your tax savings bigger.
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://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://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · We asked a specialist at TurboTax how one would go about filing taxes as an "independent working artist," and here's what they had to say: "If you are an independent working artist, you are considered to be in business as a sole proprietor. The sale would be reported as General Income in your business income unless the gallery gave you a 1099-MISC.
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…
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