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This week's Answer: No
Taxation without Screenplay Representation Well,
Judy, if you're certain of a box office slamaroo, then I'd
forget the taxes and get that script done. Of
course, you'll need to let the Tax Man know about your
six-or-more-figure deal, so, on second thought, you might
want to do your taxes and prepare for your move into a
higher bracket -- a very, prominent position where you
become more "popular" with the Tax Man and your
financial wanderings become of more importance to
him. But don't worry: Once you've sold a
script for a million or two, you can always take a lot of
deductions for your screenwriting business. For your
assistance, I've included a few of them below: Accepted
Tax Deductions: 1.
Printer paper 2.
Printer 3.
Computer 4.
Monitor 5.
New monitor after throwing the last one out the window
when you decided your script is not good 6.
Books and about screenplays 7.
Screenplays about books about screenplays 8.
Gnawed pencils 9.
All vehicular expenses from driving to tall bridges and
buildings 10.
Phone calls to your agent 11.
Phone calls to your psychiatrist about your agent 12.
Phone calls to yourself to tell you that your script is no
good. 13.
Band Aids used to cover paper cuts from crumpling
screenplays 14.
The section of your residence used exclusively to have
tantrums about your screenwriting career. 15.
Screenplay workshops, screenplay classes, and all
underground meetings for planning the extermination of
agents, producers, and other personnel engaged in giving
you a hard time in the film industry I
purposely left screenwriting software off the list as a
deduction. Even the IRS knows that everybody
illegally downloads the stuff. Don't get audited for
that.
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