Money Talk

About a week ago Damon Schuler came in to talk about finances and such. Saying that your profession is musician on your taxes isn't all you have to do. We have so many different things we can write off. For instance myself being a horn player can write off reeds.   Instrument Repair, clothing, mileage to and from gigs and rehearsals, can all be written off. There is a downside however. If your totals after all the write offs is a negative number for a certain number of years (3) the IRS will think that your career is just a hobby and they will come audit you. The most important thing I learned that day was  hire an accountant!