BigPhilNYC From United States of America, joined Jan 2002, 4073 posts, RR: 56 Posted (8 years 2 months 2 weeks 2 days 1 hour ago) and read 1478 times:
Does anyone hear file their taxes listing expenses from their photography work?
This was my first year with my camera and I was kind enough to Uncle Sam to report all my earnings from my photography. My accountant scolded me, told me to keep better receipts.
Since aviation photography is a light side-business for me, my transportation to the airport, trips to conventions, trips to take pics in Boston, camera equipment and more all gets thrown in as expenses now. If I knew that, I'd have saved more of my receipts.
Clickhappy From United States of America, joined Sep 2001, 9444 posts, RR: 72 Reply 1, posted (8 years 2 months 2 weeks 2 days 1 hour ago) and read 1464 times:
AIRLINERS.NET CREW PHOTO SCREENER
I do. I also now add 15% to my asking price to cover any shortcomings when i list my sales as income.
DLKAPA From , joined Dec 1969, posts, RR: Reply 2, posted (8 years 2 months 2 weeks 2 days 1 hour ago) and read 1462 times:
Yeah, unfortunately reporting to uncle sam is a good idea, we get enough trouble from government agencies just by spotting, so it's probably a bad idea to have the IRS on our backs as well...
Anyway, I just got a Canon 420EX flash, that receipt is getting filed away for tax time next year.
A340Spotter From United States of America, joined Jul 2003, 1973 posts, RR: 26 Reply 3, posted (8 years 2 months 2 weeks 17 hours ago) and read 1345 times:
Phil,
I've done it since 2000 and now with the baby arrived, have been thinking of no longer having the business. Talked with an accountant who mentioned that there's some sort of form to fill out ending the business, but I haven't found it yet.
That said, indeed you should keep every receipt for everything as it'll come in handy when tax time comes...
Jeffrey
"Irregardless, it's a Cat III airplane, we don't need an alternate!"
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From United States of America, joined Jan 2002, 4073 posts, 
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