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Podcast: Is your business defined broadly enough for the IRS?

Posted by Ilise Benun on

When I asked Tax Advisor to the Self Employed, June Walker,(who will be back to present at CFC 2013 (June 22-24, 2013 in San Francisco), what she does, she said, “I take the complex tax system and make it simple and clear for brilliant talented “indies” who haven’t had taxes explained to them in the right way. I’ve been doing it for 30 years.

In her CFC session, “Creatively Legitimate Expenses: Don’t Cheat Yourself,” June will be also elaborating on these 3 guidelines to help “indies” take full advantage of the tax system:

  1. Define your business as broadly as you can. For example, calling yourself a “music consultant” will give you more legit deductions than calling yourself a “piano teacher.”
  2. Remember that for the self employed, the line between personal and work is fuzzy. Some activities that seem personal can actually be deducted as a biz expense, especially if you define your business broadly. (see above)
  3. Review all of your relationships. Most can be both personal and business. With whom do you have a business relationship? Which of your friends are also business associates?

June will elaborate on this and more in her session and in her breakfast roundtable. So come with your specific questions and confusions about your taxes.

Listen to our interview here.

In the meantime, check out her new book: The Confident Indie: A Simple Guide to Deductions, Income and Taxes For The Creatively Self-Employed on Kindle or in print. And sign up for her e-letter at

We’ll see June in June. Will you be there?

Join us at CFC June 22-24 in SF! Get $100 off (CFC only) if you combine promo code "ILISE" + Early Bird rate before March 15. Register here now.

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