Even if you see your venture as a business, the IRS may decide it's a hobby. That can be problematic as you try to offset income with business losses.
Taxes: Is that a Home Business? Or a Hobby?
Posted by MMarquit under TaxesFrom http://plantingmoneyseeds.com 4495 days ago
Made Hot by: maplesummit on January 12, 2012 4:32 pm
Who Voted for this Story
-
jnelson
-
q4sales
-
Jed
-
maplesummit
-
tuckerleroy
-
steeldawn
-
amabaie
-
MMarquit
-
clickfire
-
aknews
-
Emma
-
bigmoneyweb
-
bigcajunman
-
CarNegotiationCoach
-
CanadianFinance
-
seltzer04
-
janesheeba
-
tomlee1799
-
Bertram
-
BizRock
-
ScottDudley
-
y-dolphin
-
paterpan
-
b1347484
-
milurally
-
polinsbm
-
simplycastguy
-
Dorisaudia
-
Boarbara
-
judymcspadden
Subscribe
“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
“Lisa: I wonder if they potential employee is doing a background check on...”
Comments