Financial Advice

Not-So-Happy Returns

Be vigilant about withholding and deductions errors, which may result in a lower refund.

The Lowdown on Extensions

Skipping the April tax deadline may make you feel better, but it could give you a big headache down the line.

Know Your Income Bracket

When you don't get a refund, or the amount falls below what you've gotten in recent years, you immediately think your preparer made a mistake.

Lower Your Taxable Income With Deductions! (Part 2)

Deductions are important. Keeping logs and receipts with detailed handwritten notes are a must to prove the educational value to the IRS.

Lower Your Taxable Income With Deductions! (Part 1)

If you have substantial deductions for expenses, as most actors do, hopefully the amount will exceed the standard set by the IRS.

These Items Are Not Deductible

Actors' Taxes columnist Chuck Sloan discusses which items performs can and cannot deduct on their tax return.

Interpreting the IRS

Actors' Taxes columnist Chuck Sloan navigates the IRS website and reveals tips for filing taxes.

Who Can I Trust to Help Me With Filing Taxes?

I am sure that a significant number of readers will try to prepare their own return this year using computer software. If you do, you won't be alone.

Don't Estimate Your Expenses

The IRS is specifically targeting individuals, such as actors, who use significant amounts of miscellaneous deductions on their return.

Sole Proprietors and the IRS

The income on your return should include all of your gross receipts. That's all business income including cash, checks, credit card payments, bartering, and, of course, any 1099s you receive.