Taxes & Artists: Taking a Time & Services Deduction

Awhile back, Photo Business News & Forum wrote about how you CAN'T donate your time and services and claim fair market value for such as a deduction (An Original Picasso for $50? That's what they say..., 2/10/07), and one potential solution that could get you a bit more credit for your donations, when you do (The Non-Profit Challenge, 11/19/07), but once again, there is a bill winding it's way through Congress that would allow:
"...artists to take a fair-market value deduction for works given to and retained by nonprofit institutions. The U.S. tax system accords unequal treatment to creators and collectors who donate tangible works (e.g., paintings or manuscripts) to museums, libraries, educational or other collecting institutions. A collector may take a tax deduction for the fair-market value of the work, but creators may deduct only their "basis" value—essentially the cost of materials such as paint and canvas."
If you can enter your name and address, and click the "send" button, in less than two minutes you can actually send an e-mail to your elected official that represents you, through this very cool system. Americans for the Arts has their Advocate for the Arts website and all you do is enter your address, and they will automatically route your sentiments to your Senator or Member! If you'd like to her Senator/Photographer Pat Leahy (and the bill's sponsor) in an NPR interview on the subject, click here.
[More: Full Post and Comments]


Photo of the day:

Entertainment:

Tubist on stage - captured in black and white

Photography lovers who liked this also liked:

mansion art
mansion canvas prints
mansion framed prints
mansion prints
mansion posters
mansion greeting cards
mansion photos

castles art
castles canvas prints
castles framed prints
castles prints
castles posters
castles greeting cards
castles photos

tradition art
tradition canvas prints
tradition framed prints
tradition prints
tradition posters
tradition greeting cards
tradition photos

beauty metal prints
stud metal prints
heavy metal prints
dessert metal prints
hanging metal prints

Picture More Expertise

Color management is the critical step that all photographers must take to ensure their creative vision is accurately represented in print, on the Web or even when delivered to a cell phone. Fine-tune your color management skills at the DIMA Annual Conference, part of the PMA 08 International Convention and Trade Show. DIMA features an entire track of sessions devoted to this topic; designed to help you take control of the many variables involved with successful color management:

■ Why Color Management?
■ Meeting Today's Color Expectations
■ Capture: Setting Up the Studio to Maximize Color Control
■ Real World Workflows for Print, Web and Mobile Output
■ Foolproof Proofing
■ Communicating Color Effectively

Plus, sessions covering Camera RAW workflows, Adobe® Photoshop® equipment and lighting selection, sales and marketing ideas and more! View the full schedule of classes at PMA 08.

PMA 08 Trade Show
PMA 08 boasts more picture-related products than any other event worldwide, providing you with all the necessary tools for the capture, output and display of your images. More than 600 exhibitors, including major manufacturers, will be on hand to debut their latest products. Here you'll find:

■ Cutting-edge DSLRs
■ Professional systems
■ Digital rangefinders
■ Digital compacts
■ Lenses
■ Studio lighting
■ Backdrops
■ Software
■ Printers
■ Scanners
■ Accessories

Popular events such as the DIMA Kiosk and Printer Shoot-Out Competitions and exhibitions featuring winning photographs from several PMA® member association competitions will also take place on the trade show floor.

Still Not Sure?
Find a reason to attend with an Attendee Justification Report from PMA Smart Connect. This powerful tool creates a personalized report that shows how PMA 08 fits your plans, identifies the exhibitors and other attendees who best meet your goals, locates the sessions and products to see, and more.

Plan to Attend
Register now and save! On-site prices will be higher. And for a limited time - get a 20 percent discount on a Las Vegas Monorail pass and get around the city with ease.

Picture of the day: Las Vegas, nightshot Hotel Mirage with water fountain, black and white

Photography lovers who liked this also liked:

prague art
prague canvas prints
prague framed prints
prague acrylic prints
prague prints
prague posters
prague greeting cards
prague photos

praha art
praha canvas prints
praha framed prints
praha acrylic prints
praha prints
praha posters
praha greeting cards
praha photos

rooftops art
rooftops canvas prints
rooftops framed prints
rooftops acrylic prints
rooftops prints
rooftops posters
rooftops greeting cards
rooftops photos