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Jazz Musician Loses Tax Deductions in Federal Court

Jazz upright bass player and music professor was denied certain tax deductions in US federal tax court, on September 30, 2013. After being audited by the IRS and receiving notices for not filing tax returns for several years, the jazz musician prepared his taxes by himself and was disallowed tax write-offs he claimed on his […]

3 Reasons Why I Hate Tax Refunds

Tax refunds, some treat them like an extra payday, others consider them a savings account. I hate tax refunds. I bet you are wondering why? The IRS announced no refunds! Plus, I’ll give you 3 other reasons why I hate income tax refunds: 1. No Interest on Tax Refunds Neither the IRS or states pay interest […]

Tax Deduction: Musicians Performing in Maryland Arts Districts

Paying less tax helps you invest in your craft and helps your music business soar. Musicians performing in Maryland may not have to pay state income tax on income from an arts district. Receiving the Maryland musician tax deduction is like finding pocket change in your couch cushions – it may not always make a […]

Don’t Lien on Me!

Celebrity musicians, actors, and other entertainers often make media headlines regarding their tax malfunctions. Don’t let this be the story in your business. Most musicians file taxes and pay on time as required by law, like entrepreneurs in other fields. However, if you ignore tax notices, letters from the IRS or state, and wait too […]

Moving On Up

Whether you are moving across country from California to DC, or across town from Virginia to Maryland your moving expenses may be tax deductible. It’s summer and many people are moving to change job locations or start new businesses. Although, not all things are tax write-offs, some moving expenses are: Can You Deduct Moving Expenses? […]