Did you know that as a professional artist, filmmaker or musician much of the costs expenses of your supplies and equipment can be deducted from your taxes? However how they are deducted depends on what they are! Supplies, such as film, paint, canvases, video tape, union memberships, relevant events, and certain promotional materials can be [...]
Many creative artists, whether in film, painting, digital design or music, work in some form of studio space. Some people rent space in commercial buildings, while others may dedicate part of their home or apartment to studio space. The IRS views artists the same way that we do: you are business entrepreneurs. This means that [...]
When the IRS looks at taxes for a self-declared artist of any medium, one of its biggest questions is whether the activity is a business of a hobby. If you are an artist filing taxes, this is actually the first thing you should determine. While you may be paid for a gig once or twice [...]
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