Music Money Mentor Podcast

008: What the IRS Really Expects from the Music Industry


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The IRS is kinda scary, but if you know what to expect, you'll have nothing to fear....right?

They think people in the music industry are somewhat aggressive or abusive when deducting expenses that aren't actually directly to their music business.

Their goal is to bring your deductions back in line with their rules.

So, in this episode of the Music Money Mentor podcast:

  • ️‍🕵️‍♂️Discover what the IRS really expects to see on your music business tax return.d
  • Uncover the 4️⃣types of income the IRS agents are starving to add to your return.
  • 😴Tired of thinking your music is just a hobby? We reveal the exact test that is used to decide if you're active enough to be called a "real" business owner.
  • 🚨Most musicians assume that they are waving a red flag at the IRS when they do certain things, but very few know what to expect.

    After listening to this episode of the Music Money Mentor podcast, you won't be one of them.

    ...more
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    Music Money Mentor PodcastBy Music Money Mentor

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