Question from facebook: I’ve only done less then $200 in earnings from my extra work… Do I need to claim it as income?
Related article: Tax Deductions for Acting Expenses
If there is one comment or bit of advice I could give on this subject it would be for all the Actors & Crew anxiously awaiting their W-2 to appear in their mailbox:
Please relax and be patient.
Accounting and payroll companies have a BIG job to do in making sure all the weekly payroll is processed for many production companies that use them for their payroll services throughout any given calendar year. They only have 31 days to compile all that into W-2 forms for each and every employee. One production can have a couple of hundred or a couple of thousand (or more) employees to process. The phone number to contact the payroll company is on each and every voucher the employee signs each and every day they work on a set. But, please wait and contact the payroll company only if you have NOT received your W-2 by at a minimum of 5 business days after January 31st. By law, ALL payroll companies must postmark their W-2s by this date and have them in the mail. Contacting the payroll companies to ask when they will be mailing W-2s only takes time away from them to get the job done on time.
Thank you, Rodney!
TAX INFORMATION FOR THE NEW MEXICO ENTERTAINMENT INDUSTRY
NM TAX & REV. INFORMATIONAL DOCUMENT:
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