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Artists Fight $1.9 Million Tax Bill Linked to Studio Business

Two California-based artists are challenging a total $1.9 million tax bill for multiple years, arguing the IRS erroneously rejected deductions they made for a death benefit trust and captive insurance arrangements for their studio.

Two California-based artists are challenging a total $1.9 million tax bill for multiple years, arguing the IRS erroneously rejected deductions they made for a death benefit trust and captive insurance arrangements for their studio.
Sterling Ruby and … [417 chars]

Source: Bloomberg Tax News | Published: 2026-02-26T22:13:41Z

Credit: Bloomberg Tax News

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