Submitted by TerpFlacco t3_zttcoz in news
Taysir385 t1_j1gd5t2 wrote
Reply to comment by snakeplantselma in IRS delays rule change for people who get paid on Venmo, Etsy, Airbnb and other apps by TerpFlacco
> It let's you take advantage of those expense deductions (rented space, guitar strings, yada yada) against any income you're earning with your music.
You can take advantage of this even if you file as an individual, it's just a couple different steps.
Which isn't to say that llcs aren't useful. They absolutely are, and more people should take advantage of them. But more people should take advantage of tax benefits too.
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