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Summary: Learn tax tips for performing artists with expert tax advice in this free online self employment tax deduction video clip.
Views: 624 | Tags: self, advice, filing, employment, irs, tax, employed, 1099, refund, deductions
About the Expert
Tom Choistnet Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. He has been in self-employed tax practice for over ... read more
Hi, I’m Tom Choisnet, enrolled agent. This segment is about qualified performing artists; out here in California there is a lot of film extras that is all they do. They can deduct all of their expenses what we call above the line, they can deduct it toward their adjusted gross income. There are several minor qualifications that are necessary for the qualified performing artist situation to occur; and you require two employers as an artist, the expenses have to be over ten percent of that income and here’s the kicker because it doesn’t apply to too many people but it does come up. The adjusted gross income has to be under sixteen thousand dollars, but it is an interesting little part of the law and it applies to a few people and I thought I might throw this in here and now you know something maybe you’ve would not have otherwise known. Enjoy this and maybe some of the other clips.