Navigating Business Write-Offs: Essential Tax Tips for Filmmakers

🎙 Let’s Get Fiscal – Episode 6

Hosted by Anastasia, Myiesha & Danielle | Coterie Tax and Advisory

From buying gear to claiming your home office—what really counts as a write-off?

In this episode of Let’s Get Fiscal, the ladies of Coterie Tax break down what filmmakers and creatives can actually deduct from their taxes—without getting flagged by the IRS. They cover key topics like what qualifies as a legitimate business, how to define “ordinary and necessary” expenses, and where the line is between personal and business costs.

You’ll hear real-world examples (yes, including cosmetic surgery and private jets), learn how to navigate tricky tax deductions like home office use and vehicle mileage, and get pro tips on documentation that can protect you during an audit. Whether you’re on set, in post, or just launching your first project—this episode is a filmmaker’s financial toolkit.

🕒 Episode Breakdown

00:00 – Write-offs for filmmakers: What’s real vs. wishful thinking?

00:35 – Understanding deductions and your taxpayer rights

03:40 – What qualifies as a business (and why it matters)

07:16 – Defining “ordinary and necessary” expenses

12:54 – Proving gray-area deductions (cosmetic surgery, clothing, props)

18:06 – How home office deductions actually work

23:34 – Business use of car: What’s allowed and how to track it

27:56 – Final tips: Separation, documentation, and best practices

🔗 Helpful Links & Resources

📬 Got a tax or business question you want answered on the show?

Send it here: https://www.coterietax.com/qa

🎧 Want to hear more creative-friendly financial strategies?

Catch up on past episodes: https://www.coterietax.com/podcast

📊 Need help organizing and optimizing your business finances?

Work with the team at Coterie Tax → https://www.coterietax.com