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Income Tax Essentials for Artists + Creative Producers

Monday, February 26, 2018 - 6:00pm to 8:30pm

In this talk, tax expert Janet Ecklebarger will demystify the income tax filing process for artists and explain the impacts of the new tax legislation. 

Janet will guide us through the process of identifying and accounting for the many diverse income streams (from contract day jobs to grant awards and sales) and business-related expenses that comprise many artists’ livelihoods. The new tax legislation creates major changes for 2018 and she will address how those changes will affect the various situations for artists and other self-employed people.

A practicing artist herself, Janet has keen insights into the complexity inherent in filing taxes for creative careers. Her experience working with clients for over 10 years has also contributed to her knowledge of recordkeeping strategies that can be implemented to throughout the year to help you streamline the process. In addition to sharing her insights on tax-filing best practices for artists, Janet will also be able to address questions pertinent to individualized circumstances.

Learning Objectives
  • Identify which expenses related to your creative practice are deductible and how to best categorize them
  • How to complete associated tax forms commonly used to assess and report self-employment tax (Form 1040-Schedule SE), expenses for business use of home (Form 8829), and depreciation & amortization (Form 4562)
  • Understand how the new tax legislation impacts artists' livelihoods
  • Easy-to-adopt analog and digital organizational systems for tracking receipts and other types of recordkeeping
Guest Facilitator

Janet Ecklebarger earned her Master's degree from Cranbrook, in 1992. She has been working as a tax associate since 2005 and specializes in deductions for artists, musicians, and other creative types while also offering tax and accounting techniques for the right brained. She is a practicing artist who recently moved to a 30 acre property in North Carolina and is excited to participate in the creative and advocacy community in her new area. tax-scout.com

Location

Chicago Artists Coalition
217 N. Carpenter St.
Chicago, IL

Tuition

$20 General Public | $10 CAC Artist Members | FREE for Current BOLT/HATCH/LAUNCH + FIELD/WORK Residents

Online registration for this program is now closed. Registration is available at the door prior to the event!