Taxes for Artists

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Posted • Okay! Let’s talk BUSINESS💰CMRFF’s MO’ MONEY PANEL will give a deeper understanding of taxes and entertainment law featuring and

We need our media and creative professionals exposed to all side of the industry to ensure generational success 🏆 Definitely tap in our lineup, panels, and workshops - there’s plenty!

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While most refunds are issued within 21 days if you’ve got no issues and opted for Direct Deposit, you can always check its status at irs.gov/refunds 👀 NOTE: Your tax preparer does not have special ESP powers greater than this tool, so download the IRS2Go app and let them enjoy their .

Don’t get suckered by FOMO marketing nonsense! YOU know better:

A big refund means you gave the government an interest-free loan all year. In a world where you can get over 4% APR in an FDIC-insured high-yield savings account, locking away your money all year makes little financial sense.

If you’re an employee on payroll, use the irs w4 calculator to dial in your withholding so you get more of your hard-earned money directed to you, not Uncle Sugar, with each paycheck.

If you’re freelance or own a small business, keep track of your income and expenses, preferably with bookkeeping software, and pay the correct amount of quarterly estimated taxes for your business, but not a penny more! Your tax preparer or tax software can help with that.

Taxes are year round! If you keep on top of your income and expenses, you’ll not only be a boss bitch with your big financial picture, you’ll level up your economic situation and be able to plan for the future. There are only two certainties in life: Death and Taxes. We’re playing the long game, y’all!

🚨🎁Giveaway Alert 🎁🚨
Does your group or organization need some serious tax & money talk?

I am giving away up to 5 FREE custom-tailored tax workshops for organizations fitting the following description:

•Attendees make under $60,000/yr
•Attendees live in Los Angeles County
•Workshop must occur no later than June 30, 2023

Live Zoom Workshop runs between 1-2 hrs. depending on content and may be posted in full or edited form on CSUN VITA social media pages.

Brought to you by Taxes for Artists and the fine folks at Cal State Northridge’s Volunteer Income Tax Assistance Center

Go to taxesforartists.com or the Link in Bio & Apply Today!

Friendly reminder: An extension only grants you an extension to file the actual tax forms, NOT to pay the taxes, which are still due Apr 18!

Don’t know how much you owe? Guesstimate! You can always claim a refund to get back the excess.

Resist the urge to flake out completely however. A failure to file penalty is 5% per month of tax due! A failure to pay penalty is only 0.5% per month.

You can go on IRS.gov and file your extension for FREE with their partners, or you can make an extension payment online which automatically extends you. And remember to check with your state for their extension rules too!

And of course, this year the Apr 18 deadline to file AND pay has been extended for storm-affected regions in CA, AL, GA, and TN, and maybe more. Check the IRS website to see if your county’s deadline has been moved.

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That DIY glow… Gentle Readers outside the FEMA declaration zone*, it’s getting awfully close to the deadline, and if you’re still stuck under a pile of crumpled, wet receipts, you’re gonna wanna file an extension! If you think you’ll be owing a bit, estimate your payment and send it in before Apr 18 because an extension extends your filing deadline, not your payment deadline! Failure to file penalties are steep so get on it pleazz…

*Most of California’s deadline has been extended to Oct 16 for this year due to severe weather

🌏🌳Hey my thrifty taxpaying granola heads, brand new for 2023: The *Used* Clean Vehicle Tax Credit! 🚗🍃♻️

If you buy a *used* EV or Fuel Cell Vehicle (FCV) for under $25K from a licensed dealer, you could get 30% of the purchase price (up to $4K) in tax credits. Applies if you make under $75K single, $112.5K HOH, $150K MFJ, and purchases starting in 2023 only.

Given the carbon footprint of manufacturing a new car, buying used is the green way to go. So start planning your carbon neutral thot girl summer road trip tax avoidance scheme now!

CA is following the IRS’ lead and extending the filing and paying deadline for your 2022 tax return, as well as some estimated taxes too!

This means you get an automatic extension until Oct 16 and incur no penalties for paying or filing by Oct 16.

Other perks include being able to fund your IRA & HSA later in the year, so you can hold off on filing until you’re sure you secured that bag in October.

Check the IRS & FEMA websites to ensure your address is located in a disaster zone!

If your filing address is in one of these qualified disaster zones, you automatically qualify:

Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Inyo, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Nevada, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, and Yuba

Hey my thrifty taxpaying granola heads, brand new for 2023: The *Used* Clean Vehicle Tax Credit!

If you buy a used EV or Fuel Cell Vehicle (FCV) for under $25K from a licensed dealer, you could get 30% of the purchase price (up to $4K) in tax credits. Applies if you make under $75K single, $112.5K HOH, $150K MFJ, and purchases starting in 2023 only.

So start planning your green hot girl summer road trip tax avoidance scheme now!

Will we ever file April 15 again?

If you live in one of the FEMA designated disaster zones in CA, AL, and GA, your IRS filing deadline has been moved to Oct 16, 2023! Check your state in the coming days to ensure they’ve moved their own deadlines as well. Check the FEMA website to see if your area is in a disaster zone.

Hey guess what it’s tax time again 😩😩😩 If you’ve got questions, we’ve got answers! We’re gonna be hanging out live online in the instagrams at 12pm PST / 3pm EST Mar 7, to answer your questions! We’ll also remind you about common tax credits you might be eligible for, and SO MUCH MORE SO TUNE IN!!

Drop the ❓❓❓in the 👇👇👇

📣Announcing📣: another Free instagram Live Workshop Feb 16, 12pm PST, brought to you by the awesome folks at CSUN VITA ! 🧑‍🎓Are you a current, former, occasional student, or adjacent to one? 🧑‍🎓 Then this FREE workshop is for you. 🎒Learn about tax incentives for students, what is deductible, how to write off your student loan interest, incentives for educators, tax planning for education expenses, and if that one class you took at community college last semester is a write-off? 🎒We’ll learn about Taxes for Students and then open up the Q&A to your burning tax questions!

Got tax questions you want answered LIVE? Drop them in the comments below👇👇👇👇👇
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