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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
| 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 |
