Browsing Tag

Hobby Income

2 posts
report hobby income properly

How to Report Hobby Income and Avoid Penalties

Making sure you report hobby income correctly can help you avoid penalties—discover the essential steps to stay compliant and avoid costly mistakes.
hobby business profit test

Hobby vs. Business: Pass the IRS Profit Test With Ease

With insights on differentiating hobby from business, discover how to confidently pass the IRS profit test and ensure your activity is recognized as a legitimate enterprise.