Скачать или смотреть Business vs. Hobby & the IRS 9 Point Test for Profit Motive - THE SUNLIGHT TAX PODCAST - EP 94

EPISODE 94: Business vs. Hobby & the IRS 9 Point Test for Profit Motive

Today, I'm talking about the tax laws related to distinguishing between a hobby and a legitimate business when you're a creative professional. I'm also explaining the IRS's view of profit motive as the key factor and discussing how you can determine whether you have a business or hobby.

Join me in this episode to get some advice and tips on how you can prove profit motive and avoid being wrongly classified as a hobby by the IRS.

HELPFUL RESOURCES:

IRS audit technique guide: https://www.irs.gov/pub/irs-pdf/p5558...
https://www.irs.gov/newsroom/heres-ho...
The Sunlight Podcast: Your Business Already Started - https://pod.link/1640538610/episode/c...
AN AUDIT NIGHTMARE TURNED ARTIST VICTORY: AN INTERVIEW WITH SUSAN CRILE: https://www.sunlighttax.com/blog/2021...
Money Bootcamp: https://www.sunlighttax.com/moneyboot...


Listen to the podcast here: https://www.sunlighttax.com/podcast
If you enjoyed this episode, please rate, review and share it!
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Links:
A TAX GUIDE TAILORED TO YOUR CREATIVE FREELANCE WORK OR SMALL BUSINESS: https://www.sunlighttax.com/deduction...

Follow me for more:
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Facebook:   / sunlighttaxforartists  
https://www.sunlighttax.com/

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DISCLAIMER:
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, accounting, or financial advice. Because each individual's situation is different, specific advice should be tailored to the particular circumstances. You should consult your own tax, accounting, and financial advisors before engaging in any transaction or submitting any documents to the taxing authorities. Any disclosure, copying, or distribution of this material, or the taking of any action based on it, is strictly prohibited.

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