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Microstock Photography Forum - General => General Stock Discussion => Topic started by: GeoPappas on April 10, 2009, 17:31

Title: For U.S. Artists: What IRS Business Code Do You Use?
Post by: GeoPappas on April 10, 2009, 17:31

For those of you that file taxes in the U.S.:

What IRS business code do you enter for Box B of Schedule C?

The description for business code 541920 is "photographic services" which includes photography studios, portrait, and commercial photography.

But that doesn't really describe what microstock photography is about.  Many of us don't have photography studios, and don't do portrait photography or commercial photography.

And what about those of you that do predominantly illustrations, or fractals, or CGI?

Title: Re: For U.S. Artists: What IRS Business Code Do You Use?
Post by: KB on April 10, 2009, 17:54

Does it really matter? (Oh-oh.)  ;D

I used 711510 - Independent artists, writers, and performers.

No idea if it's right or not!

Title: Re: For U.S. Artists: What IRS Business Code Do You Use?
Post by: GeoPappas on April 12, 2009, 06:41

Anyone else?

Title: Re: For U.S. Artists: What IRS Business Code Do You Use?
Post by: snaprender on April 12, 2009, 10:18

Since I'm not technically the one directly selling to the customers and collecting the money - I couldn't figure out what the heck to use - so I put 999999. 

Title: Re: For U.S. Artists: What IRS Business Code Do You Use?
Post by: goldenangel on April 13, 2009, 03:14

I don't think it matters much, as long as the numbers match what IRS wants.

I know it's almost deadline to file, i started with microstock last year, still thinking if I should report it as business or a hobby. Anyone have advice on that?

Title: Re: For U.S. Artists: What IRS Business Code Do You Use?
Post by: lisafx on April 13, 2009, 15:01

Seems like "commercial photography" covers microstock to me.  I used the "photographic services" code too. 

But I agree with goldenangel.  As long as you claim all your earnings you should be okay.