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[IMPORTANT] YOUR ACCOUNT HAS NOT BEEN DELETED
Mar 18, 2017 #announcement

Recently Mar and Queen have been deleting accounts that have been inactive (0 Posts) for a long time in order to lower the size of the forum and price for the Ad free. If you are an active member of the forum and received an email saying your account has been deleted, click here for further information.

Update on Mod Team
Mar 17, 2017 #update

We are happy to announce our previous admin, @Capsule, has decided to come back to the mod team!! Click here to read.

New Moderators + Reassignment
Mar 13, 2017 #update

Our new mods have been announced! Congratulations to Fervent and Softe on becoming Event Coordinators, and to Queen on becoming our new Technician! Also, congratulations to Cern on becoming a Global Moderator! Click here for more information.

What to expect from GASR in the next few months
Mar 12, 2017 #update

We have some changes planned for the GASR community! Click here to read.

St. Patrick's Day Emote Contest
Mar 3, 2017 #event

Ireland’s national holiday tradition includes a chance to ponder and celebrate what it means to be Irish, wearing green, drinking Irish ale, and looking for leprechauns! Click here to join. The deadline to enter is March 17.

Artist of the Moment

AOTM

Visit my shop View my bio

Artist of the Moment will continue April 1st. Please click here for more information.

Online Staff

Staff Status Updates




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Poll
What do you think of the new features?
Keep Both
72%
 72% [ 44 ]
Remove Both
3%
 3% [ 2 ]
Keep Emojis / Remove Discord Widget
18%
 18% [ 11 ]
Keep Discord Widget / Remove Emojis
7%
 7% [ 4 ]
Total Votes : 61

Statistics

We have 18110 registered users
The newest registered user is Yaoivato

Our users have posted a total of 166591 messages in 2876 subjects

GASR Time


Sun 31 May 2015 - 12:59
So, for all you United States artists who sell art online and make a reasonably good profit, how are you dealing with yearly tax forms? Do you put down your income made from GASR, and other online art sales? Are online art sales considered self-employment?

Lazy roll
Sun 31 May 2015 - 13:38
They're considered self-employment if you register through the government as self-employed.  If not, they would be counted as "Other earnings" on tax forms at the end of the year.

The only time you would have to report earnings from them is if you make more than $600/year from art sales, which is $50 a month if you're consistant. I think that limit is raised slightly if you're registered as self-employed, I'll look into that shortly just in case.

Now making a few dollars over that isn't a big deal, but if someone was making a substantial profit and did not claim it on their taxes, worst case scenario is that they're audited.  If you have your funds transferred to your bank account, they can view that ask you where the income is coming from.  You can tell them the truth and maybe get a small fine for not providing accurate income information, or you can lie and get a hefty fine and maybe have to go to court for tax evasion.

I honestly don't think too many people have to worry about this considering the average most people charge for their art isn't a whole lot.

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Make Pixel Art?  Click to join our DeviantArt Group!

flower
Sun 31 May 2015 - 13:42
@Seriously: Thank you for the thorough response. This stemmed mainly out of curiosity.
Sun 31 May 2015 - 13:45
No problem.  It's always good to have the information.  A lot of people on IMVU don't realize they've not been filing their taxes properly by not including the income they earn from product and art sales.  Some of these people make thousands of dollars a month.  That's a main reason why the IRS is breathing down IMVU's neck right now.

_________________________
Make Pixel Art?  Click to join our DeviantArt Group!

flower
Sun 31 May 2015 - 14:13
@Seriously: Exactly, which is why I have been concerned as of late.
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