Have you ever asked any of these questions?
"My hobby is oil painting, and I sold a few pieces last year.
Am I required to pay any taxes?"
"As a professional artist, should I write off all my expenses for the studio in my home? How
do I do that and not get into trouble?"
"Aren't dues and publications deductible anymore? I don't see a
line for it on Schedule C."
"My tax preparer says I should not deduct my automobile expenses or my business
meals on my income tax return. How come?"
It was because of questions like these that I first started writing
the Do-It-Yourself Quick-Fix TaxKits in 1994. I found myself
being asked the same questions over and over again, questions I had
already addressed in my accountancy monograph in 1987 and would later
in my tax law dissertation in 1997 - even questions from countless C.P.A.'s who
had no knowledge of the
Creative Property Exclusion of 1988. I have long believed the resources
on taxation for visual artists to be grossly inadequate so I designed
this series of tax and business guides to try to meet the various
needs of self-employed
painters, sculptors, and other visual artists.