Filing Season Doesn't Have To Be So Taxing For Artists

Arlington TX

01 April, 2022

6:38 PM

Description

By Marcheta Fornoff, Fort Worth Report March 31, 2022 For artists who perform in multiple states, she admits taxes can get complicated fast.Each state has its own threshold for earnings after which a performer would be required to file taxes on income earned in that state; that amount varies across the country. In addition to the state's local taxes, many states also charge an income tax, which can be a new experience for lifelong Texas residents. Some musicians will form a limited liability company, or LLC, when they're trying to shift their hobby into a business. To read the full article, click here. Fort Worth Report is a nonpartisan, nonprofit news organization that produces factual, in-depth journalism about city and county government, schools, healthcare, business, and arts and culture in Tarrant County. Always free to read; subscribe to newsletters, read coverage or support our newsroom at fortworthreport.org.