Zoom sessions hosted by Art World Conference seek to economically guide artists and independent cultural workers during the months to come.
Every sketchbook you bought on impulse.
Can small business owners and freelancers benefit from the business deduction in the government’s new tax bill?
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.
Artists are constantly being promised exposure, glory, connections, gratitude, and other intangible benefits in exchange for giving their artwork away for free.
The Obama administration is looking into ending a tax break that has been heavily exploited by buyers and sellers of art.
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.
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.
All is not well in Albion, where the business of art is apparently getting ever more lugubrious.
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!
André Malraux, the prolific French critic and Minister of Culture under Charles de Gaulle, once wrote that art is an “anti-destin,” a revolt against destiny. And by that measure, the country’s recently-released report calling for a tax on internet-connected devices to fund cultural production qualifies simultaneously as artless and a work of art in itself.
A proposal for an amendment that would tax art worth over $65,175 ran into immediate controversy in France from museums and cultural officials. The government is now backing far away from the change in the tax code, which has the potential to discourage donations of art to institutions, the Sun Daily reports.