With the new year looming, it’s time think about getting your finances in order, especially when it comes to taxes. To help you get started, here are some relevant tax tips to ensure that as an actor, you’re ready to deal with your persona 2017 taxes.
1. Work with a pro…First things first: seriously consider working with a professional tax preparer instead of trying to do your own. Though there will be some upfront costs, the modest amount will be offset by potential tax savings this professional will find, and the preparer’s fee will be deductible in the next tax year.
2. …but not just any pro.Be selective. Seek out a tax professional who has specializes or has expertise in the entertainment industry.
Large, multi-office tax companies may do good work for people with office jobs, but they simply aren’t aware of the unique aspects of taxation that a working actor’s return represents. For example, did you know that an actor can often deduct tickets to certain movies? The thought of doing this can make a mainstream CPA’s hair stand on end, but the right preparer will have no problem here.
To start, simply search phrases like “tax prep for actors.” Ask your colleagues, fellow
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