2018's Federal tax laws are the biggest change since the Reagan administration. It's not clear how these changes are going to affect people in the adult business.
In the past, the most sensible thing to do has been to create a corporation (usually a "C corporation"), have all the money you make go into that corporation, and then pay yourself out of it. With the new laws on pass-through entities, it's not clear that's the best strategy.
Sadly, until the IRS starts issuing guidance on how the laws are going to be actually interpreted, we don't know for sure what is going to be the right thing for adult performers to do. (Producers, it's almost certainly still a good idea to form a C corporation.)
More as I wrap my head around the new laws...