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IRS looks at business vs. hobby
You’ve heard the saying that a person must “walk the walk” to prove what they say is true. That holds true when you are telling the IRS that you are engaged in a business. read more

Passion for cooking turns hobby to moneymaker
Jim Maloney wanted to spend more time with his family, so he abandoned a promising but hectic law career at a prestigious firm and became a business owner.

Short This? Are You Kidding?
Short This? Are You Kidding?

IRS Wins a Horse Case for a Change
- Peter C. Bronson, et ux. v. Commissioner, TC Memo 2012-17 The poster child for a business activity that the IRS will consider a hobby,??denying deduction of net losses under Code Section 183,??is horse breeding.?? Horse breeders often do OK in Tax Court though.?? I think Tax Court judges share my attitude.????Horses are large animals ...

Colorado Gold Diggers aims to promote family-friendly hobby
Colorado Gold Diggers aims to promote family-friendly hobby.

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