who played out this weekend give us some details?? How much didi you get paid , thats just a small awkwrd thing I am asking these days ..... answer if you want.
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#116062 by fisherman bob
Mon Jun 28, 2010 1:01 pm
Mon Jun 28, 2010 1:01 pm
For that matter how many of you actually report your gig earnings to the IRS? How many of you who are gigging write off your expenses (equipment, gas/vehicle expenses, marketing, website costs, etc.)? I have played with people who wrote off EVERY expense concerning their band expenses, even if they gigged only a few times a year. The vast majority of part-time giggers could actually get quite a bit of their taxes reduced if they took the time to declare egverything and IT'S ALL LEGAL.
#116064 by ColorsFade
Mon Jun 28, 2010 2:08 pm
Mon Jun 28, 2010 2:08 pm
I "played out" as a guest guitarist in a friend's band (I was lead player when they formed, but it put in three working bands simultaneously, and it just ended up being too much with my busy schedule).
Played one song each night (Tesla's "Little Suzi" on Friday, Alter Bridge's "Rise Today" on Saturday).
Also ran sound for them on Saturday because they sounded like sh*t on Friday night. Things sounded much better on Saturday when I got done with them.
Played one song each night (Tesla's "Little Suzi" on Friday, Alter Bridge's "Rise Today" on Saturday).
Also ran sound for them on Saturday because they sounded like sh*t on Friday night. Things sounded much better on Saturday when I got done with them.
fisherman bob wrote:For that matter how many of you actually report your gig earnings to the IRS? How many of you who are gigging write off your expenses (equipment, gas/vehicle expenses, marketing, website costs, etc.)? I have played with people who wrote off EVERY expense concerning their band expenses, even if they gigged only a few times a year. The vast majority of part-time giggers could actually get quite a bit of their taxes reduced if they took the time to declare egverything and IT'S ALL LEGAL.
I report everything and I report all my expenses. The older I get, the better I get at it.
sanshouheil wrote:I've never attempted to write off any expenses as far as music is concerned.
But I always report extra income.
Last thing I want is a kink in the ol finances.
George, if you are making money making music, you should also be writing off your expenses. Guitars ain't free, drums ain't free, mics aint free. You are paying out money to support your music...let it pay you back so that you can keep on keepin' on.
#116117 by fisherman bob
Tue Jun 29, 2010 12:07 am
Tue Jun 29, 2010 12:07 am
sanshouheil wrote:Being as we are a "mission band" We really need to go all out and form a not for profit. Me thinks that would be more appropriate to the way we are approaching the wonderful world of music.Methinks it might be more appropriate to do both. Continue your mission band AND report all income and expenses. You'll all have more money to put into your mission band. You might even be able to declare some of your expenses as charitable expenses.
fisherman bob wrote:For that matter how many of you actually report your gig earnings to the IRS? How many of you who are gigging write off your expenses (equipment, gas/vehicle expenses, marketing, website costs, etc.)? I have played with people who wrote off EVERY expense concerning their band expenses, even if they gigged only a few times a year. The vast majority of part-time giggers could actually get quite a bit of their taxes reduced if they took the time to declare egverything and IT'S ALL LEGAL.
In order to write off expenses you need to file a Schedule C with the IRS, in addition to your normal filing. I would advise against doing a Schedule C yourself. We have filed one for over 30 years, but we have always used a certified tax preparer (NOT HR Block).
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