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Tax Tip: Is it a hobby or a business?

Tax Tip: Is it a hobby or a business?

Many of our clients look for ways to supplement their income. Is it a hobby or a business? Sometimes it’s unclear whether you are a hobbyist….or a business owner. This post will help to explain the IRS businesses vs hobby rules.

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1099-K: What You Need to Know

1099-K: What You Need to Know

IRS Form 1099-K gets a lot of attention each tax season. That’s in part because the 1099-K form is used to report certain payments from payment cards and third-party network transactions.

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