Fear-Free Taxes for Artists, Freelancers and Small Businesses (SF)

"Vanquish tax fear and gain practical tools for staying organized year-round. Learn strategies for tracking income and expenses, maximizing deductions and keeping records that make tax time easier. Topics include: Recordkeeping essentials Common tax forms (1040, Schedules A and C, W-2s, 1099s) Deductions for artists and freelancers Hobby losses and when to consider an LLC or S-Corp Tax treatment of sponsorships, affiliate income and gifted products"

"Jeff Thompson, MA, MBA, EA, USTCP, is an actor, writer, magician and tax professional from Los Angeles. He files taxes for more than 500 clients each year, co-directs Impro Theatre, and serves on the board of the National Association of Enrolled Agents (NAEA). He has taught psychology at Citrus College and given lectures to artists at CalArts and for the City of Santa Clara."

Practical tools help artists and freelancers stay organized year-round by tracking income and expenses, maximizing deductions, and maintaining clear records to simplify tax time. Recordkeeping essentials and common tax forms (1040, Schedules A and C, W-2s, 1099s) are explained. Deductions relevant to artists and freelancers and rules around hobby losses are outlined, along with factors for considering formation of an LLC or S-Corp. Tax treatment of sponsorships, affiliate income, and gifted products is clarified. Guidance is provided on finding trustworthy tax professionals, handling late payments, and using stress-reducing practices. A Q&A follows, and attendees are advised to verify event details with organizers.

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