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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.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.nolo.com/legal-encyclopedia/tax-deductions-artists.html
A self-employed artist may deduct any expense that is: directly related to the art activity; ordinary and necessary, and; not lavish or extravagant under the circumstances. Common deductions by artists include the following: Business Travel: Artists often travel out of town, or even out of the country, to work or show their art. You may deduct all reasonable expenses you incur when doing so.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · 7 Things Artists Should Know before Filing Taxes. Casey Lesser. Mar 19, 2019 2:22pm. HuskMitNavn. Bla Bla Bla..., 2017. 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 …
https://www.artbusinessinfo.com/usa-tax-tips-for-artists.html
USA Tax Tips for Artists. This page is dedicated to information about tax for artists in the USA. It covers whether or not: you can claim expenses against tax. your US art activities are a hobby or a business. your hobby is a for-profit endeavour in the eyes of the IRS. Plus what the IRS has to say about taxation that' relevant to artists.
https://www.artbusinessinfo.com/tax-tips-for-artists.html
Dec 01, 2012 · In summary, my top tax tips for artists are: PRINCIPLES. Hobby income is still income and can still be taxable - know what the rules are and what you need to declare. know the "badges of trade" - the indicators that tax people use to make a distinction …
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://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/artists_exemption_from_income_tax.html
Advance royalties that are paid before the year of claim are not exempt from tax. You can get information on the Artists’ Exemption from Revenue. Exemption amount. The maximum amount exempted is €50,000 (this was €40,000 prior to 2015). The exemption only applies to income tax.
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