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Home > Tax Tribe the PodCast > Is Your Business a Hobby or Is Your Hobby a Business?
Podcast: Tax Tribe the PodCast
Episode:

Is Your Business a Hobby or Is Your Hobby a Business?

Category: Government & Organizations
Duration: 00:06:30
Publish Date: 2018-02-02 02:00:00
Description: In today's episode I give you an easy way to determine if your extra money making activities are a Side-Business or a Hobby. I also give you a heart-warming example of what constitutes an income producing hobby. Later on, I discuss the tax implications of having a side-business v. a hobby, and I list 9 ways you can defend yourself against the IRS in case they decide to re-classify your side-business as a hobby. Last but not least, I answer a listener submitted question regarding bookkeeping.

Affiliate Link: FreshBooks Expense Tracking Page

Sponsored by: Gonzalez Tax Group - The Tax Specialists

Total Play: 0

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