This article appeared in Entertainment Law & Finance, your monthly source for real-world news and strategy from major players in entertainment, contract and intellectual property law — serious analysis of the issues and case law that affect your practice.
This article discusses the basic tax issues facing social media influencers, who have become an important element in the entertainment industry. The article provides a general introduction to social media influencers and discusses common tax issues arising on the income side of the equation. What is taxable income? What happens if the influencer’s compensation is paid in equity? An upcoming article by this author will focus on the surprisingly tricky question as to what expenses are deductible by influencers.
