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https://www.liveabout.com/selecting-a-schedule-c-activity-code-193057
Jan 21, 2019 · The complete list of activity codes for Schedule C and other tax returns is available in the IRS's Instructions for Schedule C. These instructions are updated each year. Some of the most common codes for owners of small arts/crafts businesses are: …
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
All such artists are operating pass-through businesses. 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://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · V1 Gallery. 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 ...
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · This means my income would be portioned out into the following tax brackets: You must pay 10% on income up to $9,525: $9,525 x .10 tax rate = $952.50 owed in 10% tax bracket. You must pay 12% on income between $9,526, and $38,700: $38,700 - …
http://www.artstaxinfo.com/artists.shtml
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. All these forms are part of the year-end 1040 income tax filing.
https://blog.taxjar.com/sales-tax-guide-artists/
Sales Tax Guide for Artists. by Jennifer Dunn • Oct 30, 2017. When you own a creative business you don’t want to spend a second longer than you have to dealing with complicated headaches like sales tax. This guide will provide artists with the info they need to get a handle on this administrative hassle.
https://en.wikipedia.org/wiki/Qualified_Performing_Artist_Deduction
In United States tax law, certain performing artists are eligible to deduct the expenses incurred in the course of their employment by § 62 (a) (2) (B) of the Internal Revenue Code. This is an "above the line" deduction, meaning that it is used while computing a taxpayer's Adjusted Gross Income.
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