BigPhilNYC From United States of America, joined Jan 2002, 4077 posts, RR: 53 Posted (10 years 1 month 3 weeks 2 days 1 hour ago) and read 2555 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.
A340Spotter From United States of America, joined Jul 2003, 1984 posts, RR: 23
Reply 3, posted (10 years 1 month 3 weeks 16 hours ago) and read 2422 times:
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...
"Irregardless, it's a Cat III airplane, we don't need an alternate!"