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Old 05-12-2013, 08:43 PM
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caddywumpus caddywumpus is offline
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Join Date: May 2008
Location: Portland, OR USA
Posts: 5,589
Default Re: Drums and American taxes

Receipts, receipts, receipts! Keep them for 7 years, and you'll be okay. Also, be fully disclosing with your traceable income. That one gig where you made $50 from that club that you don't see the point in reporting will come back and bite you in the form of a full-blown audit. I've seen it happen (never to me--fingers crossed!).

Also, a tax consultant is a GREAT idea, at least for one year, so you can see how it's "officially" done. My tax consultant ALWAYS does my taxes better than I do, so it justifies me paying the $250 for him to save me the extra $800...
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