167. Taxes for Actors 101 with Brass Taxes Founder Rus Garofalo

Rus Garofalo is teaming up with One Broke Actress to get rid of all the mystery behind taxes for creative professionals. When taxes come around, I know I get really stressed out with the dozens of W-2's and 1099's and what to write off and what not to write off and... it can be a lot. That's why Rus founded Brass Taxes, and why he continues to seek out team members who empathize with and can understand the hurdles that working actors, freelancers, and artists go through. So if you've ever had questions about what you should do to prep for your next tax return, this is for you.

⭐️ Use Code ONEBROKEACTRESS50 for $50 off your taxes this year!

00:11 — Episode Intro

02:49 — The Problem with Soundbite Financial Information

06:17 — What Started Brass Taxes

13:17 — The Lack of Education on Taxes

16:41 — Taxes + Creative Freedom

19:40 — How Creatives Should Prepare for Taxes

21:48 — What Defines a "Business" + Expense Tracking Tips

31:03 — Receipts + Redefining "Audit"

35:17 — H&R Block, TurboTax, and Freelancers

38:27 — Dealing with Tax Unpredictability

41:45 — 1099 General Rules

45:35 — Hiring Tax Pros + Downfalls of the Financial Industry

54:48 — Where to Find Rus

Resources Mentioned in This Episode:

• The Brass Taxes Website
• The Brass Taxes Podcast
• The Brass Taxes Team
• Join the email list to grab the Brass Taxes' documents (email assistant@onebrokeactress.com if you missed it!)
• Watch the full-length video podcast here

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