Tax Advice for Photographers

Tax Season is almost upon me again.  ACK! I hate it.  But I’ve always managed to get it all worked out for my web design business fairly easily.  Nothing was too hard to nail down as far as what I could and could not deduct.  But now that my photography business has been separated from my media business, it’s a whole new ball game.  Now the write-offs are bigger and the income is smaller (for the photography part of my income).  So where can I find some answers?  I’ve been searching the web diligently for a while now and have some resources you will want to check out.

While there is plenty of advice out there.  It seems most of it is either directed only at full time photographers (meaning all your income comes directly from photography) or it’s being provided by people who think they know something.  So the go on with blanket advice (which may or may not be correct), but this does not necessarily translate to your situation or state.

Since I don’t want to be one of the blanket guys, spouting out information just because i heard it somewhere..  I’ll send you directly to the two best sources I found and let you take it from there.  Both sources are professional tax preparers with direct ties to the arts/photographer market.  As such I feel they probably have the best insight into a photographer’s needs.  I also just found their advice to be the easiest to understand and most useful.

Tax Tips for Part-Time Photographers – I found this one to be of particular interest since It directly addressed the issue of “part time” photographer taxes.
Posted by Ivan Makarov in Business of Photography

The 7 Common Tax Mistakes Made By Photographers – This article comes with a full video from the expert which is nice.  Makes it easier to just sit back and take in the information.
By  Grover Sanschagrin