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Records as tax writeoffs?
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| S-a-M-u-E-l |
| i always wondered. Do professional DJs write records off for tax relief? |
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| bachatu |
| it may very by country, but i believe in the states if you have a tax id and claim your earnings for djing, then you can also claim your expenses, such as vinyl and equipment, etc. |
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| Stasis |
If you make money off of DJing, (and it has to be enough to require you to pay income taxes) you can, and should, in fact, write off record purchases as business expenses. You can write off lots of other things as well, including phone calls, gas for your car, new pieces of audio equipment, clothing, etc. Be creative! Anything that you use or need to perform your job as a DJ can be written off as a business expense.
Now getting paid enough as a DJ to break into that first income tax bracket is a whole other story. |
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| Tiger777 |
| Here, you need to have a company to do that. That means, you need a TVA number. With that number, you can write things off... |
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| Omegasox |
| quote: | Originally posted by Freak
*some* ;) people i know get sent something like 70 promos a week(free) |
*dreams* :D |
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| MERiDiAN5i2 |
I would assume if you have a DBA and are making any $$ off your gigs and doing them in a commercial manner, you could write it off in the states.
I'd contact a tax professional if I were you, the last thing you want is a nasty IRS run-in! |
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| DJLoki |
| I know that even if you dont make money, you can write them off for up to about 3 years. After that, they will come after ya. |
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