Episode 874 - Are You Operating a Hobby or a Real Business?

Episode 874 - Are You Operating a Hobby or a Real Business?

0 0 4 months ago
I have seen it many times where tax clients need to have a tax write off and they use Schedule C - Business or Profession to do it. They have very little income and a great amount of expenses that give them a net operating loss to reduce their taxable income on the tax return. The question is, are they conducting real business or is it just a hobby? A Hobby pretending to be a business. Are you focused on creating a real business or just looking for a made up tax deduction? The first ... See More

Chapters

  1. 00:18
    - 077295165-new-york-city-no-vocals-boom-b

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