Скачать или смотреть Turning a Hobby into a Business

Roger McEowen, interviewed by Christina Loren. Some taxpayers strive to convert a hobby or minor occupation into a more typical business operation. Doing so doesn’t present any problems with the IRS if the business makes money and, of course, all taxes are properly paid. But, what if the business activity loses money? Professor Roger McEowen gives an overview of hobby loss issues and discusses the factors the IRS looks at when determining whether an activity is being conducted as a hobby or a business.
Roger McEowen is the Kansas Farm Bureau Professor of Agricultural Law and Taxation at Washburn University School of Law in Topeka, Kansas. From RFD-TV Market Day Report, February 5, 2018; uploaded with permission.