A summary of tax related issues for visual artists by certified public accountant Peter Jason Riley of Riley & Associates, P.C. This resource will help you determine if your art enterprise is a business or hobby in the eyes of the Internal Revenue Service and guide you to better understanding of business income, inventory, expenses, equipment purchases, and claiming a home office deduction. Included in the resource are links to business income and expense worksheet templates designed specifically for visual artists. The Riley & Associates’ website has similar tax issue summaries for performing artists and writers.
