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 [email protected] if you missed it!) Watch the full-length video podcast here -------- Want more? Check out Patreon for bonus episodes, IG Close Friends content, and so much more. And don’t miss all the content on IG and as always at, OneBrokeActress.com And if you're needing some personalized help from Sam, you can schedule a chat with her right here. Don't forget to join the mailing list here!  --- Send in a voice message: https://podcasters.spotify.com/pod/show/one-broke-actress-podcast/message