tag:blogger.com,1999:blog-20645140.post7812001848182380094..comments2023-06-13T08:29:39.914+00:00Comments on MAKING A MARK: An important US Tax Court Ruling for all US artistsUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20645140.post-41084635099057677532014-10-09T09:47:17.017+00:002014-10-09T09:47:17.017+00:00Important points David - it suggests the IRS have ...Important points David - it suggests the IRS have very little understanding of economic activity in the field of the arts.Making A Markhttps://www.blogger.com/profile/13509483023337008890noreply@blogger.comtag:blogger.com,1999:blog-20645140.post-51704748472208324042014-10-09T08:17:49.058+00:002014-10-09T08:17:49.058+00:00Melissa B. Tubbs, yep
What is also ironic about t...Melissa B. Tubbs, yep<br /><br />What is also ironic about the IRS's contention is you are expected to claim every dollar you earn to be taxed on but not allowed the deductions?<br />Being an artist is one of those professions where it is difficult to earn a complete living from only selling paintings .<br />Most I know must have 'several irons in the fire' to make it, at least for much of their careers.<br /><br />Their view, the IRS, should be to see all of it as one big profession collectively and not one of just an employee (teacher) and unreimbursed employee expenses, at least provided all their claimed business expenses are related to the field of art in some way and not some completely different profession.<br /><br />I could understand defining someone a hobbyist, and thus not allow certain deductions, if their career is in some other completely non-art related profession and they like to paint and want to sell them.<br /><br />Their very definition shows how the IRS likes to separate every endeavor into individual pieces rather than one big one. That is the mentality that drives their rule making.David Teterhttps://www.blogger.com/profile/16747334525619423349noreply@blogger.comtag:blogger.com,1999:blog-20645140.post-28650640791766847352014-10-09T01:39:05.866+00:002014-10-09T01:39:05.866+00:00This is a good example of why no one has ever accu...This is a good example of why no one has ever accused the IRS of using common sense.Melissa B. Tubbshttps://www.blogger.com/profile/05687487615440566090noreply@blogger.com