In order to be eligible for the foreign earned income credit, you must meet certain requirements. Read what those requirements are here.
If your business accepts returns or discounts on products, these amounts may be deductible. To know more, click here.
You can deduct the state sales tax you pay on your everyday transactions as an artist but only if they are for operating your business.
Costs incurred to receive supplies and send products to customers are most likely deductible. Find out more about freight and shipping cost deductions here.
Interest expenses you incur as an artist may be tax deductible. This includes your studio and any other expenses your business may have.
Do you know all the important information related to C Corporation taxes? If you need insights or guidance, read our article here to get tips.
Not all casualty and theft losses are deductible. If you incur a casualty or theft loss, you need to know how to proceed. Read on here for more information.
Being self-employed, you may be ables to deduct clothing costs for business. Find out what type of clothing is deductible and if you're eligible.
The IRS will consider an activity a hobby if you are not trying to make a profit. It's important to understand the difference between the two types of gigs.