Saturday, October 11, 2014

Does the IRS think you are an artist

Does the IRS consider you an artist?
If you say you are an artist, but you make little money from selling your art, can your work be considered a profession in the eyes of the Internal Revenue Service?Read more on this

In this rough environment it is hard to make a living as an artist. As artist it is very important to write your yearly business plan and keep proper documents of shows and expenses. Document shows applied for and not accepted, accepted shows, update you resume with awards received , keep your website current, and send out monthly news letters.

This is all part of the business of being an artist. I know not the part we like but the must do list of things to start each day with.

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