NEW INCOME TAX CHANGES FOR ARTISTS!
Well, happy 2010! And to begin this year, why, here's some not so great news! (Sorry gang!). I just want you to be aware (those of you in the U.S.) of some income tax changes for artists, crafts persons, performers and writers. According to Julie Herwitt, CPA:The IRS has announced that starting in November 2009 it will begin a special initiative to audit individual income tax returns with Schedule C’s that show a loss. (The Schedule C is the tax form most artists use to report their business income and related expenses). Additionally, the IRS has stated it plans to focus on certain industries in these audits, including craft sales, photography, art, and writing. Therefore, artists, performers, and writers need to be extra diligent in their record keeping.
To read the rest of the article, and to find out how to best deal with these new changes, please visit the Chicago Artists Resource website:
http://chicagoartistsresource.org/dance/node/24642. And please, don't shoot the messenger...I promise to post uplifting, life-changing, inspirational and totally awesome things really soon!
Cheers,
Mira
Welcome to Mira's List
This blog provides information on upcoming grants, fellowships and residencies for artists, writers, composers, and media artists. It is for serious professionals only, from emerging to mid-career to established. I also publish information for graduate students from time to time. However, I do not publish information on exhibition or publishing opportunities, nor do I advertise artist retreats and workshops that charge money. At least that is my current policy. For more info on where to exhibit or publish, please see my links section which I try to periodically update. I sift through hundreds of search engines and websites to find opportunities for YOU dear artist. In return, I ask you to pass the information along to those who need it. Also, since this is a free blog, I don't always have the time to weed carefully through everything. If you find a grant or website or residency that is not up-to-date, is dodgy in some way, or is no longer in existence, please let me know! Also, if you stay somewhere at one of the residencies I suggest and have a good experience, I want that feedback too. Please check my FAQs at the top right side bar if you have questions before starting your search. Best wishes and happy hunting!
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