Some tax articles for musicians

[audiorayne]

Just got some tax articles from my friendly online music gear retailer, who tells me "there may be some tax benefits to making your gear purchases before the end of the year." As tempting as it sounds, I'm a little broke this time of year so I'll just pass on the info instead... enjoy!The first article speaks directly to musicians and briefly explains travel, meal, vehicle, and equipment expenses (for both gigging and studio musicians), and whether or not you can deduct them on your taxes.http://www.artstaxinfo.com/musicians.shtmlThe second offers a "nuts and bolts" explanation of Section 179 (first year depreciation allowance for equipment), and how to take advantage of it.http://www.section179.org/section_179_d ... n.htmlThis article features a list of common deductible business expenses. It's pretty helpful if you consider yourself self-employed or own your own studio.http://www.musicbizacademy.com/knab/art ... s.htmHappy New Year! I wish everyone a ton of forwards, deals, placements and more in '09 -AR

[simonparker]

there's some good stuff here.... some a little too aggeressive for my blood....hence their disclaimer Quote: The information provided by this web site is only intended to be general summary of information to the public. It is not intended to take the place of either the written law or regulations. Tax law changes frequently and tax strategies must be individually designed for specific persons or companies. Before using any of the information supplied on this site, please consult your professional tax advisor.

[audiorayne]

Good call Simon - I should have included a disclaimer in my original post. Thanks for following up!-ARDec 29, 2008, 1:52pm, simonparker wrote:there's some good stuff here.... some a little too aggeressive for my blood....hence their disclaimer Quote: The information provided by this web site is only intended to be general summary of information to the public. It is not intended to take the place of either the written law or regulations. Tax law changes frequently and tax strategies must be individually designed for specific persons or companies. Before using any of the information supplied on this site, please consult your professional tax advisor.