The “hobby” classification on a tax return can spell death for deductions. What can you do about it? Quit your hobby Make your hobby a business If you don’t choose number 2, you could wind up paying taxes even when your hobby produces zero income. Want to avoid this dangerous tax trap? Read my brand new article titled Tax Tips: Horse Hobby Needs Tax Psychiatric … [Read more...]
AMT
Sorted by Date
Get your personal economic stimulus package
Did you know that “The Small Business Jobs Act of 2010” spends $12 BILLION on small businesses? Are you getting your fair share of this money meant to stimulate the economy? To learn how the one-owner business can cash in on The Small Business Jobs Act of 2010, read our brand new article titled New Law: Another Small-Business Economic Stimulus Package for You. Three ways our … [Read more...]