Is that activity just a hobby or a business?

Many people have hobbies – things they enjoy doing in their spare time – and some even make a little extra money from them. However, there’s a difference between a hobby and a business, especially how each is treated when it comes to filing taxes.

Read the full article here:

https://www.irs.gov/newsroom/is-that-activity-just-a-hobby-or-a-business

Contact us for your tax and accounting needs:

https://wpvcpa.com

(561) 686-8666

sarah@wpvcpa.com

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