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https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · A Simple Tax Guide For Artists Some of the most important things to know about doing your taxes as an artist By Karina Vahitova on January 31st, 2018. Photo by NeONBRAND. What does it even mean to do your taxes? Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person.
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.
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · Why tax planning matters Tax rates, brackets, and deductions 101 The tax advantages of treating your art like a small business How to qualify as a business for tax purposes Tax form 101 What you actually need to complete your taxes A few notes on income sources: W-2 vs 1099-MISC vs 1099-K How to make tax time easier Artist-specific tax ...
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
The chance to be creative—and the opportunity to be your own boss—makes working as a musician exciting. Here are some of the top business deductions and expenses for self-employed musicians, as well as some tips to guide you through filing your tax return.
https://www.artworkarchive.com/blog/a-short-guide-to-doing-your-taxes-as-an-artist
If you are like most artists making a living from your artwork, you will probably have a few other income sources from your gallery or a side gig. If this is the case, make sure you get a 1099-MISC from each different income source that you received over $600 annually and file this as along with your sales income. Consult a professional for advice
https://www.artsy.net/article/artsy-editorial-11-tax-secrets-every-art-collector-needs-to
Apr 14, 2015 · Residents of Oregon, Montana, New Hampshire, and Delaware are not required to pay any sales tax whatsoever, while the unfortunate art lovers of New York City must pay 8.875% sales tax, the highest figure anywhere in the country. Capital gains or income tax: the choice is yours!
https://blog.sonicbids.com/tax-advice-for-all-musicians
For musicians who are not employees and receive 1099 income, there is a new 20% deduction for small businesses that are “pass-through” entities. Pass through entities will be taxed on only 80% of their qualified business income (QBI). You do not need to form a loan out company such as an LLC or S-Corporation to be eligible.
https://www.artworkarchive.com/guides/guide-to-finances-and-taxes-for-artists
Financial practices and tax tips for artists. Practical tips for managing the financial aspects of your art business. Get a breakdown on how to budget, set goals, and what you can write off on your taxes. Plus, ways to diversify your income and grow your art business. Budgeting, goal …
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://tomtommag.com/2017/03/tips-accountant-best-way-musicians-taxes/
Tips from an Accountant: The Best Way for Musicians to Do Their Taxes. 0. 46680. By Lola WK. ... Around Portland, Oregon she is also known as a lifesaver for artists and musicians when it comes time to file taxes. Kingan is an enrolled agent with the IRS and a licensed tax consultant in the state of Oregon. ... ordinary income tax rate.
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