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Tax Help Resources
www.1040.com offers general information, options for downloading federal and state tax forms, and links to other tax and finance related sites.
(800) 829-1040 - IRS hotline for tax questions, your tax history information, and requests for hard copies of federal tax forms.
Allowable Deductions Checklist
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Vehicle mileage allowance of $.32 per mile (To take this deduction an accurate log of business mileage must be kept.)
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Parking, transportation, and food expenses for professional travel
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Rehearsal space rental fees
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Telephone expenses (The taxpayer must have at least two lines to qualify for this deduction. Cellular service is considered a second "line.")
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Stage clothing and dry cleaning expenses (only outfits appropriate for stage wear exclusively may be deducted)
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Full or partial cost of purchasing a computer
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Software for contract writing, music editing, notation, and sequencing
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Costs associated with conducting business via the Internet (includes ISP costs, web site development, and hosting charges)
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Promotion costs: photos, mailings, cost of throwing a CD release party
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Instrument and/or voice lessons (individual circumstances dictate whether this is an allowable expense)
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Cost of rented or leased equipment
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New musical equipment purchases
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Equipment repair or maintenance costs
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Cost of vaccinations for foreign touring
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Cost of applicable insurance (equipment, liability, worker's compensation, health and dental insurance)
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Portion of home mortgage deduction (if office space or rehearsal space is maintained there)
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Cost of tax return preparation
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