[NEohioPAL]tax question - general info for actors/performing artists

Tue Feb 21 06:28:40 PST 2006

This is a multi-part message in MIME format.

------=_NextPart_000_0083_01C636C9.33403490
Content-Type: text/plain;
	charset="us-ascii"
Content-Transfer-Encoding: 7bit

If you are getting 1099 income, you should consider using a Schedule C and
taking the 20% off on the Professional Fees line, or the Wages and
Commissions line.

Also -- if you earned 16,000 or less from all sources of income, and you
were paid at least $200 for two different gigs, and your expenses are at
least 10% of your acting income -- you can deduct them directly from your
income on the front of the 1040 form as PAE expenses.

A third way to deduct them is on the 2106 form (Employee Expenses) -- but
you need to itemize  on a Schedule A in order to use that form (unless you
are in the second category, earning 16,000 or less from all sources).

The best way is to do a Schedule C -- don't forget to deduct your mileage
for auditions, and going to the gigs (1099 gigs only), props, scripts,
acting books, classes, movies, theatre, video rentals, and all that stuff

------=_NextPart_000_0083_01C636C9.33403490
Content-Type: text/html;
	charset="us-ascii"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Dus-ascii">
<META content=3D"MSHTML 6.00.2900.2802" name=3DGENERATOR></HEAD>
<BODY>
<DIV><FONT face=3DArial size=3D2>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D968132314-21022006>If you =
are getting=20
1099 income, you should consider using a Schedule C and taking the 20% =
off on=20
the Professional Fees line, or the Wages and Commissions=20
line.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D968132314-21022006></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D968132314-21022006>Also =
-- if you=20
earned 16,000 or less from all sources of income, and you were paid at =
least=20
$200 for two different gigs, and your expenses are at least 10% of your =
acting=20
income -- you can deduct them directly from your income on the front of =
the 1040=20
form as PAE expenses.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D968132314-21022006></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D968132314-21022006>A =
third way to=20
deduct them is on the 2106 form (Employee Expenses) -- but you need to=20
itemize  on a Schedule A in order to use that form (unless you are =
in the=20
second category, earning 16,000 or less from all =
sources).</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D968132314-21022006></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D968132314-21022006>The =
best way is to=20
do a Schedule C -- don't forget to deduct your mileage for auditions, =
and going=20
to the gigs (1099 gigs only), props, scripts, acting books, classes, =
movies,=20
theatre, video rentals, and all that=20
stuff</SPAN></FONT></DIV></FONT></DIV></BODY></HTML>

------=_NextPart_000_0083_01C636C9.33403490--