Last night on the way home from the studio I recalibrated the pressure in the tires of our truck. I was ever so pleased with myself. But the truth is it wasn't that hard; it just required a quick reference to the owner's manual, the use of a brass pressure gauge my dad gave me for my birthday last year and a trip to the air pump at the gas station. It is what Responsible Able-Bodied Farmgirls Know How To Do, says my mummy, with whom I consult on all such matters. And since 2009 was the first year I was self-employed as a full-time painter, she urged me to tackle my now infinitely-more complicated taxes with the same pragmatism and can-do attitude. Riiight.
We all know that the keeping of receipts and the documentation of sales is important. And that the brewing of strong tea and the discovery of a Moe's Bacon Bar in the cupboard is crucial.
But after reading and rereading Form 1040 Schedule C to no improved comprehension there may or may not have been excessive, angry mouse-clicking, foot-stomping and borderline tears. So tonight P. and I are meeting with The Tax Man and I will assail him with my steno pad of questions.
Not sure if you should file as self-employed or if you've got an official small business? Click here; the humans at the Internal Revenue Service put a lil sumpin together for us artists. If you're not ready to take the spiritually-deadening leap to the IRS website, the ladies at Design*Sponge have some helpful info for you entrepreneurial photographers, illustrators, printmakers and crafters here.
Any other tax resources for artists you want to share? After all, as the back of my receipts say, WE STRIVE TO SATISFY (I might have to make that the new tag line on my business card).