Taxes/Accounting

Business of Art: Taxing Artists

By Sonya Kimble-Ellis, courtesy of New York Foundation for the Arts

You’re an artist, so you don’t have to worry about some of the constraints that come with running a business. Or do you? Unfortunately, concentrating solely on the process of creating your art is not always possible.
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Selected Chicago-City Links

Center for Economic Progress (CEP)

Offers a variety of services to the community, including free preparation of federal and state tax returns through the Tax Counseling Project. Individuals must qualify to participate in the tax program.

Community Economic Development Law Project (CEDLP)

Providing pro bono legal services for corporate tax and real estate law issues to eligible community-based organizations and small businesses.

Lawyers for the Creative Arts

Legal service referrals to eligible artists in all arts-related areas, and in general legal areas where artists might need help -- including contracts, nonprofit incorporation and immigration.

View all Chicago-City links

Selected National/International Links

Internal Revenue Service (IRS)

Provides extensive income tax information for individuals, businesses and nonprofits, and makes documents and forms for filing and completing federal tax returns available for downloading.

New York Foundation for the Arts

Links to information and advice about financial issues, including budgeting and accounting.

The Art of Business: Employee or Independent Contractor?

Article with advice for filing your taxes as a contractor or employee.

When Does Your Hobby Turn Into a Business?

Article by a tax professional with advice on how to claim your art sales on your taxes.

View all National/International links