The website Music Biz Finance has published the following article to inform artists about their taxes as the deadline approaches for the 2015 tax year. This article was also republished at FYI Music News.
By Sam Arraj
When it comes to personal finances, some artists are very creative. For instance, an artist once told me that to record a video for her song, she rented out her couch and worked 12-hour shifts for few months to save enough to make the video. While they are creative in some aspects, many still make expensive mistakes relating to income taxes. Since the personal tax season is here, let’s review some common mistakes that artists and musicians should avoid: