Financial Advice

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  • Advice

    Just Say No

    Wait a minute, you say. These sound like reasonable expenses. Why aren't they valid? Simple. All the above expenses aren't deductible because everyone has them.

  • Advice

    Don't Cheat Yourself or the IRS

    Every year, we are confronted by actors who either didn't know about or simply disregarded the advice to keep their receipts and records.

  • Advice

    Cities Can Give You the Business

    A number of cities across the country have instituted a business tax that applies to individuals who receive cash income.

  • Advice

    If the IRS Calls

    There are numerous reasons why the Internal Revenue Service may contact you throughout the year, so if you receive an IRS missive in the mail, don't panic.

  • Advice

    What Is a Qualified Performing Artist?

    In the rules of the Internal Revenue Service, there is a special category called the "qualified performing artist," which used to be of significant value to actors.

  • Advice

    Claiming Exempt

    No one likes to look at his or her paycheck and see the amount of money withheld from it in taxes by the government. However, the sad truth is that tax withholding is a good thing.

  • Advice

    New Year, New Start

    If you're taking the time to read this column this early in the year, then congratulations on your wisdom in wanting to be prepared.

  • Advice

    Gettin' Ready Rag

    You only have a couple of weeks to get things done that could have a significant impact on your taxes for the past year.

  • Advice

    December Decisions

    While you are planning your New Year's resolutions, focus on getting yourself financially healthy for the new year as well.

  • Advice

    Radical Solutions

    The acting world is not a kind one. Variations in income are a regular fact of life. But what if your steady but variable income takes a big hit? Like in half. How do you address that?