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.
Financial Advice
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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.
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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.
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You only have a couple of weeks to get things done that could have a significant impact on your taxes for the past year.
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While you are planning your New Year's resolutions, focus on getting yourself financially healthy for the new year as well.
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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?
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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.
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10 Ways to Keep More Money In Your Pocket
You could spend money creating a website of your own, but really, why? If you want to promote a play you're in or show off your headshots and reel, social networking sites like Facebook accomplish it beautifully.
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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
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Yes, the recession has prompted L.A. actors to be ever more intrepid. Try these bargains, or contact us and let us know what else you've been doing to save money.
