It’s tax time! Before you run away screaming, we’ve provided this resource to help guide you through process of properly reporting your music income to the IRS. Allen Jones, from Portland Community College, stops by to break it down and aide us musicians in what is usually an ominous task. YOUR ATTENTION PLEASE: This information is provided only as a guide to point you in the right direction. Each individual has a unique tax situation, so it’s important that you seek the advice of a licensed tax preparer. In others words, don’t blame us if you get audited! Now stop procrastinating, and go do your taxes!
The form Allen has in hand for the discussion is the 1040 form. Download a copy here.