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by Carolyn E. Wright on Wed Oct 08, 2014 10:19 am
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Good news!

http://www.nytimes.com/2014/10/07/arts/design/tax-court-ruling-is-seen-as-a-victory-for-artists.html?_r=1
Carolyn E. Wright, Esq.
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by SantaFeJoe on Wed Oct 08, 2014 11:50 am
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Thanks for posting this, Carolyn! I especially liked her quote at the end of the article. I have long felt that writing off expenses gets difficult (or raises suspicions) for an artist who doesn't generate a profit from his/her art.

Joe
Learn the rules like a pro, so you can break them like an artist.  -Pablo Picasso
 

by signgrap on Wed Oct 08, 2014 1:05 pm
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It's about time an ARTIST has won a case against the IRS  :D
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by Royce Howland on Wed Oct 08, 2014 4:12 pm
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This is really good news for artists of all sorts in the USA...
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by E.J. Peiker on Wed Oct 08, 2014 5:44 pm
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Interestingly enough this was the same auspices under which I was audited by the IRS several years ago.  I successfully defended myself and won the audit without having to go to court.  The IRS made some of the exact same charges as outlined in this NYT article.  They used the fact that I was otherwise employed, my lack of a business plan argument and also the fact that, at the time, I did not have a separate bank account for my photo business.  Of course I have both of those now and photography is my only employment now but it wasn't then.  In the end after pouring through all of my bank records and the fact that I had an extensive web site dedicated to my business and real income from photography convinced them.
 

by pleverington on Wed Oct 08, 2014 6:06 pm
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Fight, fight, fight, FIGHT!!!!

Paul
Paul Leverington
"A great image is one that is created, not one that is made"
 

by Carolyn E. Wright on Thu Oct 09, 2014 8:27 am
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Another perspective on the ruling: http://sambrunson.wordpress.com/2014/10/08/the-tax-court-in-the-new-york-times-plus-art/
Carolyn E. Wright, Esq.
Lawyer for Photographers and NSN Moderator
Photo Attorney® at www.photoattorney.com
 

by Carolyn E. Wright on Thu Oct 09, 2014 8:28 am
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and another: http://www.forbes.com/sites/peterjreilly/2014/10/06/tax-court-judge-appreciates-art-more-than-your-average-revenue-agent/
Carolyn E. Wright, Esq.
Lawyer for Photographers and NSN Moderator
Photo Attorney® at www.photoattorney.com
 

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