Tax Tip: Is it a hobby or a business?

Tax Tip: Is it a hobby or a business?

by | May 11, 2023 | News

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 from the IRS will help to explain the IRS businesses vs hobby rules. From the IRS:...