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Tax serenade for small business filers

April 9, 2008

If you’re still putting off your tax filing, maybe you just need a little musical encouragement. Say, perhaps, the latest stylings of the Singing CPA.

Singing_cpa_zelin3
On his third CD release, New York CPA Steven Zelin provides listeners with financially themed parodies of popular tunes.

My favorites from this collection include Tax Busters, Dear IRS and, being a big Mary Poppins fan as a child, A Charitable Contribution (Makes the Tax Bill Go Down).

Don’t let this and Zelin’s other CDs fool you. He still takes his day job seriously.  According to the blurb on CD Baby, he has been
featured in "The Trusted Professional," the publication of the New York
State Society of CPAs, and was profiled in the February 2007 issue of
CFO magazine.

But when tax time rolls around, it’s also tune time. For the past four years, Zelin has entertained New Yorkers who flock to the main James A. Farley Post Office for last-minute 1040 filing.

He should be back there next Tuesday night. If, however, you don’t live in the Big Apple or just can’t wait, you can pick up a copy of his CD online.

Unfortunately, I doubt the purchase is tax deductible, unless you’re a musician and you can convince the IRS that the CD is for legitimate melodic research.

And thanks to TaxProf, the tax world’s favorite DJ, for the musical tax tip.

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Real tax tips for musicians:
Living in Austin, the Live Music Capital of the World, I’m surrounded by thousands of folks who truly do make their livings by performing.

Most are independent contractors and the standard tax rules apply to them as they would all other independent, small business people.

The IRS has a good section dedicated to the tax concerns of small businesses and the self-employed.

Becky McCray usually focuses on small business folks who have products more tangible than tunes, but her

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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