Saturday, February 28, 2009

Tax Season.

We are not born knowing how to do our taxes. Often it is not the most fun task in life (although I find it very satisfying!). I know may artists that have not filed there taxes only to be found by the IRS with huge fines. Artists may not fuel the economy by exorbitant incomes, but we still have the responsibility to pay our taxes.

Here are a few great resources for tax time.

First if you make below $56,0o0 you can e-file for free through the IRS website. You can save your work online as you go and through direct deposit immediately pay or file for refund.

Considering an artists work is specific, there are many write-offs that one may take. See here for a few examples. (It's a good reason why you should get your butt to class! Or maybe why that new leotard will pay off.)

Happy tax time!

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