Financial Advice

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  • 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

    Don't Be Late

    Although we do everything we can to encourage our clients to file their tax returns as early as possible, more than half our business comes in during these last few weeks of tax season.

  • Advice

    You Gotta Have a Plan

    If you have been following the last five weeks of this series and acting on the tasks outlined in each article, you now have an arsenal of information at your fingertips. You know your net worth, you have a budget, you understand the availability of investment and retirement options, and ...

  • Advice

    Lessons to Live By

    I was contacted in early December by a woman who hadn't filed tax returns in the last 10 years, and both the Internal Revenue Service and the state of California wanted to know why.

  • Advice

    Saving for a Rainy Day

    You have to pay your agent 10 percent and your manager 10 percent; why not 10 percent for yourself as well? Take that money right off the top and put it away for a rainy day.

  • Advice

    A Tax Credit That May Cost You

    Tax credits are supposed to save you money, but thanks to one created in 2009, your refund may be reduced this year, or worse, you may actually owe money on your tax return.

  • Advice

    Intaxication

    Obviously, all taxpayers are looking for a refund, and all too frequently they are willing to be creative to get one. Here are some cautionary tales from years of experience.

  • Advice

    Those Devilish Deduction Details

    You should always consider itemizing your tax deductions, because most actors spend considerable sums on their careers in the course of a year.

  • Advice

    Budgeting Your Movie

    For an actor, New York is one of the best cities on earth. It’s also one of the most expensive. Professionals in the business suggest saving three months’ worth of expenses before moving here, particularly if you don’t yet have a job or a place to live.

  • Advice

    How Has the Recession Affected Your Career?

    "Like most actors, I survive financially from a balance of extra work and survival jobs. But when the work slowed down, I had to make tough choices." -- James Pass, Los Angeles