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Is Your Favorite Pastime Turning Into a Small Business? The IRS Wants to Know.

February 10, 2025 by admin

Is Your Favorite Pastime Turning Into a Small Business? The IRS Wants to Know.

If you’re making $400 or more on your hobby, it’s time to start declaring it on your income taxes. We take on hobbies because we enjoy them. But at some point, we sometimes get enough people wanting the woven towels or the birdhouses or the Christmas ornaments we make that it’s time to start charging […]

Filed Under: QuickBooks

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