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More likely he has a Hobby not a business http://www.irs.gov/irs/article/0,,id=186056,00.html http://www.irs.gov/irs/article/0,,id=186056,00.html
by gscott 16y ago
More likely he has a Hobby not a business
http://www.irs.gov/irs/article/0,,id=186056,00.html http://www.irs.gov/irs/article/0,,id=186056,00.html
- smackfu 16y agoAnd the reason for the distinction is so that people do not call their hobby a business and then deduct their expenses against their other normal income and evade taxes.