FREQUENTLY ASKED QUESTIONS

Why Artist Tax Prep?

At Artist Tax Prep, we love doing taxes. No, really. 

 

And we’d love to do yours. 

 

Artist Tax Prep’s mission is to eliminate the panic and shame that many experience as part of the annual income tax filing process, by way of affordable, sustainable tax preparation services. Founded in DC by a self-employed artist, Artist Tax Prep is particularly positioned to serve independent artists and others striving, surviving, and thriving in the gig economy. 

 

Tax law isn’t written for artists and most accountants aren’t trained to help them. That’s where we come in.

Whose taxes do you do?

We can prepare taxes for people who file a personal income tax return in the US.

 

The majority of Artist Tax Prep clients have multiple sources of income: a mix of 1099s, W-2s, and ‘other’ income. If you aren’t an artist, we’d still love to work with you! 

 

Currently we work with: all kinds of theater practitioners, tutors, teachers, yoga instructors, choreographers, filmmakers, writers, musicians, dog walkers, actors, visual artists, dancers, nutritionists, social media managers, and technicians, among others! 

 

We can prepare taxes for Sole-Proprietors or Single Member LLCs, but our business tax services do not extend beyond that (see below) and we do not include filing LLC paperwork that may be required by your state.

What will working with Artist Tax Prep be like?

Our sustainable business model means that Artist Tax Prep operates with a fully remote process. You'll sign up for a paperwork deadline, fill out an intake form, and securely upload your documents. A completed return will be sent for you to review and sign (via DocuSign). We'll make sure you know your refund or tax owed amount (as well as how to pay) and include suggestions for reducing your end-of-year tax bill next time (if applicable). Everyone's tax situation is different, so we'll also communicate directly throughout the process, primarily by e-mail. 

If you'd like to meet face to face, you can schedule a zoom consultation by sending an e-mail to farrell@artisttaxprep.com. Zoom consultations are $50 for 50 minutes and are primarily for those new to self-employment or those looking to get newly organized with self-employment income & expense tracking. If - following your consultation - you choose to hire Artist Tax Prep to complete your tax return, the $50 consultation fee is deducted from your final bill. 

Do you prepare business taxes?

At this time, Artist Tax Prep services do not extend to business tax filings and we can’t prepare taxes for business structures beyond single-member LLC and sole-proprietorships. If you are a member of a partnership and your partnership tax return is handled elsewhere (for example you receive a Sch K at the end of the year), we can still prepare your taxes. We do not automatically file LLC paperwork that may be required by your state if it is not included on the state’s personal income tax return.

How much does it cost?

At Artist Tax Prep, it is important to us that we remain affordable to artists at all stages of their careers, as well as to clients who find themselves in vulnerable situations: financial or otherwise. Our Tax Preparation service includes e-filing of federal and applicable state returns, typically at a rate of $200 - $300 (depending on your filing status - see below), due when the return is sent to review and sign. We never charge extra for self-employment income (Schedule C) or for multiple state returns. Fees may be assessed for additional schedules (A and D, for example), though never without consent. Artist Tax Prep assesses additional fees for paper filing (occasionally necessary for certain state forms and schedules) to cover supplies and insurance. 

 

Artist Tax Prep rates are negotiable and available on a sliding scale. All we ask is that potential clients name their ability to pay before signing our Tax Preparation Agreement. At this time, there is no other application process for sliding scale or pro-bono services, though one may be instated on the basis of demand. Free tax preparation and filing is also available through the IRS Free File, the IRS VITA program, and via getyourrefund.org (income limits apply). Everyone has a right to free tax filing.

Current official fee schedule. 

$200 single filers with schedule c, any number of states

$220 the above + NYC residency

$270 married filing jointly base rate

+ $20 schedule a

+ $20 schedule d

+ $35 paper processing

How can I feel safe with Artist Tax Prep?

Artist Tax Prep is an IRS-certified Tax Preparer and a legally registered and insured business. Artist Tax Prep does not discriminate on the basis of sex, gender, orientation, age, race, immigration status, ability, marital status, income, or occupation. Artist Tax Prep is required by the IRS to collect certain information from clients when preparing tax returns and protects taxpayer data in compliance with IRS standards. Only the legally required information is collected and reported to the IRS. Additionally, we at Artist Tax Prep want all clients to feel they are in a safe space working with us. What you don’t know about taxes is not your fault. No question is silly or too small for us to field.

Can you help me with other tax or money issues?

Artist Tax Prep is not a general consulting service, though may offer these services at will, outside of the Tax Preparation Agreement. Artist Tax Prep is not a CPA or a lawyer and is not able to represent clients to the IRS or state tax agencies. Artist Tax Prep is not primarily a teaching or educational tool, though we are always looking for resources to make the tax filing process simpler and more accessible to artists and others with self-employment income. 

Do you prepare estimated taxes?

We have discontinued traditional quarterly tax filing services at Artist Tax Prep. When you receive your return from us, we will include the ‘actual tax rate,' i.e. the rate that you actually paid on your self-employment income for that tax year (different than overall tax bracket percentages). This way, you can make simplified, informed estimates throughout the year based on our suggestions. Your actual tax rate relies on MANY factors and quarterly estimates will not 100% reflect your total end-of-year tax amount. 

Please e-mail farrell@artisttaxprep.com or submit a chat with additional questions.