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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · A Simple Tax Guide For Artists Hobby vs. Business. One of the big discrepancies that folks come across when trying to file taxes as an artist is... Standard Deduction vs. Itemized Deduction. Oh, deductions! ... A tax deduction arises due to various types of expenses... Crowdfunding and Taxes. ...
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.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.
Tax Artists was established with the vision to serve our clients’ needs with a holistic approach to their current tax preparation needs and planning their own tax outcomes long term.
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 endeavor, the …
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · How To Do Your Taxes As An Artist. 1. KEEP YOUR RECEIPTS. Taxpayers can deduct "ordinary and necessary expenses for conducting a trade or business." These expenses are specific to ... 2. CALCULATE DEDUCTIONS TO YIELD A GROSS INCOME. So you kept all of those receipts, now what? Make an excel document ...
https://www.hypebot.com/hypebot/2021/03/quick-tax-guide-for-independent-artists.html
7 hours ago · Quick tax guide for independent artists ‘Tis the season! Tax time is here once again, and since your music is your business, it’s important to have a solid handle on you taxes, and make sure ...
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.
We attribute our success to a unique personalized approach to taxes and business. An individual and creative strategy is designed for each client. With over 2,500 satisfied clients in all walks of life, we encourage you to stop searching and let us transform your taxes or business into a "Work of Art"!
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