New in 2016, Chicago Artists Resource will be a repository for items from FIELD/WORK’s program archive, including documentation, print materials, and recaps to extend the reach of the professional practice expertise shared during CAC’s on-site events.
In anticipation of Janet Ecklebarger’s upcoming talk “Everything You Ever Wanted to Know about the Schedule C* (*But Were Afraid to Ask): Income Taxes for Artists” on Wednesday, March 17 at Chicago Artists Coalition, CAC’s Education Assistant Rachel McDermott asked Janet a few key questions about income tax essentials for artists.
As an artist, spending money on non-essentials is a difficult concept to get behind. When you’re struggling to make rent, putting money into an abstract project is hard to justify. Why should you put money toward something that might help you when you can pay for something that you need to do now.
Setting a base price is difficult enough: You have to assess the state of the market, your relationships with potential collectors, your sales and exhibition/performance history, your volume of output and perceived demand. Then comes a patron. You "run the numbers" which, for most creatives, means you worry about it for a while. A number floats into focus.