Jan 5th, 2010 by Heather Dwyer
You may want to add “get organized” to your new year resolutions. During tax time this year, the IRS has stated it will begin a special initiative to audit individual income tax returns with Schedule C’s that show a loss.
In particular, the IRS plans to focus on certain industries in its audits, including craft sales, photography, art, and writing. In a recent article for Chicago Artist Resource, CPA Julie Herwitt explains the changes and advises people in creative industries how to prepare.
We’ll post more helpful links as we find them!
Tags: Individual Artists, Taxes
Posted in Arts
Leave a Reply
We love conversation about culture and our communities in King County. We want to hear from you. We encourage you to join us in dialogue and comment on Blog4Culture, and we don't expect everyone to agree. However, we will monitor comments on Blog4Culture and will not post any comments that contain personal attacks, hate speech or offensive language. Commenters who are not addressing the subject of the original post will be advised to address the topic or their comment may not be posted. We reserve the right to not post inappropriate comments on Blog4Culture.
Hi Heather,
Are there income tax workshops specifically for artists that you know of in the Seattle area?
Many thanks!
Carrie B.
Hi Carrie -
I emailed my friends at Washington Lawyers for the Arts to ask if they will be hosting their terrific tax workshop for artists, as they have for many years.
I received a reply this morning that yes indeed, Neil Sussman will return in February to present his VERY helpful tax workshop for artists.
Visit http://www.thewla.org/ to sign up for email alerts about this and other legal workshops.
Heather
Thanks Heather! Will be there!
Carrie