Business Tax

An individual leans over a desk writing down notes on a pad of paper in a pottery shop.

Does the IRS consider your business a hobby?

March 28, 2017

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the eyes of the IRS. It may be a…

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