Crypto assets present a challenge for taxation, with the ecosystem notoriously murky when it comes to the identities of buyers and sellers.
Taxes
Posted inOpinion
How a Property Tax Helped Transform the Detroit Institute of Arts
Our millage funding model, based upon responsiveness and accountability, is a successful paradigm that has sustained the DIA and benefitted our region.
Posted inNews
Free Online Workshops Help Artists Navigate Finances During COVID-19
Zoom sessions hosted by Art World Conference seek to economically guide artists and independent cultural workers during the months to come.
Posted inArt
Translating the New Tax Bill for Small Businesses
Can small business owners and freelancers benefit from the business deduction in the government’s new tax bill?
Posted inArt
No, You Can’t Get a Tax Deduction for Artwork You Donate to Charity
Some arts organizations misleadingly suggests that artists can get tax deductions for works they donate to charity. Here’s why that’s unfortunately not the case.
Posted inArt
Why Can’t Artists Deduct Donated Artworks from Their Taxes?
Artists are constantly being promised exposure, glory, connections, gratitude, and other intangible benefits in exchange for giving their artwork away for free.
Posted inIn Brief
Obama Administration’s Tax Reforms Target Art Collectors
The Obama administration is looking into ending a tax break that has been heavily exploited by buyers and sellers of art.
Posted inIn Brief
Spain’s Art-for-Taxes Program Only Works When the Art’s Good
If taxes sound taxing to you, consider this alternative: move to Spain, purchase valuable and culturally significant artworks, and donate them to the Spanish government in lieu of tax. Just make sure they’re really significant artworks.
Posted inArt
Tax Tips for Artists
T.S. Eliot’s claim that April is the cruelest month feels particularly true during tax season. Assuming you’re an artist in the United States who makes at least $10,000 a year, you may be scrambling to file your return before tomorrow’s deadline.
Posted inNews
Anarchy in the UK Art Market
All is not well in Albion, where the business of art is apparently getting ever more lugubrious.
Posted inNews
Italy to Offer Tax Deduction for Book Buyers
The Italian government has unveiled a master plan for attracting foreign investment, and for some reason, it includes a tax rebate for people who buy books!