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Careers: Acting, Performing, Directing/Modeling and Taxes
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Question
Hello,
I recently started modeling and I have heard some people make references to tax deductions and I was wondering what exactly I need to do with taxes when I do work for an agency? I have gotton paid for 3 jobs so far (only 200 dollars though not too much) but I haven't actually MADE any money because I had to pay over 1,000 for photos and comp cards and factoring in the driving to and from auditions all of that puts me in the hole.... how do I report it for taxes? Am I suppose to start my own company or something? What are the tax benefits?
You have been paid $200 total, or $200 a job? After you make a total of $600 independently (modeling is like being self employed) you must declare it and pay taxes on it.
As for as deductions, yes, it is true, you can deduct the cost of things like comp cards, photos, even makeup and wardrobe (if it is for modeling purposes only) and things like travel and cell phone bills that relate to modeling, etc., but be prepared to have proof of everything, especially if your deductions far outweigh your earnings.
Please consult a tax professional regarding this. I would recommend getting an accountant.
Good luck!
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Answers by Expert:
Michelle Renee Krehl
Expertise
I can answer questions relating to most types of fashion and commercial modeling, such as requirements, how to find an agent, etc. as well as information about portfolio development, comp cards, etc.
Experience
I am a professional plus size model, currently based in Los Angeles. I have modeled as both a straight size model, (in my teens and 20's) and as a plus size model (currently). I am represented by a reputable agency and have worked for many clients, both plus and non-plus specific. I am experienced in print, runway, fit, TV, and film.
Publications
I am currently a writer for PLUS Model Magazine. You may read articles I have written in the archives. I generally do pieces relating to fashion events in the Los Angeles area.
Education/Credentials
My educational background is in Child Development. But I also hold a diploma in Fashion Merchandising as well. I have not attended modeling school. Modeling schools are completely unnecessary and a waste of time for potential models. They exist only to make money.
Past/Present Clients
Sears, The Style Network, Lifetime Network, Inchant, Kitsch*n Glam, Zaftique, Plus by Design, Big on Batik, The Greater L.A. Woman, Little In The Middle, Pro-Girl, Deborah Lindquist, Roger Perry, Shop Translated, Redrawn Arts, Big Gals Lingerie, Love Fifi, Here Come the Brides, Josephine's Bridals, California Bridal Shows, The Tyra Banks Show, Inside San Diego, Manhattan Beachwear, and many more.
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