Sunday, 19 April 2009

About Photography

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about photography
How do I file freelance photography tax?

I'm a weddding photographer and videographer. How do I file my income tax return. I've not been filing or claiming taxes on my photography work. I make average about $900.00 per month some times $4,000.00 per month but I never file taxes on them. please help and thankyou so much in advance.


Actually , the IRS can help.
Go to IRS website To ask questions & get appropriate forms.
Also, a tax preparation service (H&R Block etc) can help you w/ forms & filing.
Keep a ledger of all income & expenditures
Save all your business related expense receipts.( busness cards,
recording media,equipment, performance insurance ...everything)
Business expenses are tax deductible.
You can file as an independent contractor in which case it is your responsibility to report & pay taxes on income.
If you must or choose to incorporate, the rules change.
A financial advisor or tax preparer can get you on right track esp if it is your sole source of income.


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