Download Actor`s Tax Deductions

Actor’s Tax Deductions
Depreciable Assets
 Audio Equipment
 Camera and Video Equipment
 Computer and Accessories
 File Cabinet
 Office Equipment
 PDA’s
 Reference Library (if purchased as a large set)
 Specialized Software
Operating Expenses
 Accounting Fees
 Advertising
 Agent Expenses
 Answering Service
 Audition (tapes, CDs and videos)
 Bank Fees
 Business Cards
 Cell Phone
 Charitable Contributions
 Coaching and Lessons
 Conferences
 Contract Labor (accompanist, dressers, etc)
 Costumes (purchase, alterations, cleaning)
 Dance Training
 Discounts Given
 Dues
 Education and Classes
 Film and Processing
Actor’s Tax Deductions (cont’d)
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Gifts to Business Associates ($25 per person per year)
Head Shots
Home Office (to be reviewed with CPA)
Internet Expenses
Interest (on Business Credit Card)
Insurance
Legal Fees
Makeup
Marketing
Meals and Entertainment (50%)
Music (arrangements, reproduction, training)
Office Supplies
Parking
Postage and Shipping
Printing
Props
Rent (office, storage, PO Box, theatre space)
Rent (equipment, costumes)
Resume and Portfolio Expenses
Tax Preparation Fees (from last year)
Taxes
Tickets for Research
Travel (air, cabs, cars, food, hotel, tips)
Telephone
Trade Magazines
Vehicle Expenses (and track mileage as well)
Vocal Training
Website (development and ongoing costs)