Understanding whether your activity is a hobby or a business can help you take advantage of tax breaks and avoid adverse action by the IRS. Here's what you need to know about the IRS criteria.…
![irs_hobby_vs_business.png](https://coloradotaxlawhelp.com/wp-content/uploads/2024/06/irs_hobby_vs_business-658x464.png)
Colorado Tax Lawyer | Colorado Tax Audit Defense | Colorado Tax Credit Attorney
We're focused on representing and helping Colorado individuals & small businesses in domestic tax compliance, audit defense, and defending against penalties.
Colorado Tax Lawyer | Colorado Tax Audit Defense | Colorado Tax Credit Attorney
We're focused on representing and helping Colorado individuals & small businesses in domestic tax compliance, audit defense, and defending against penalties.
Understanding whether your activity is a hobby or a business can help you take advantage of tax breaks and avoid adverse action by the IRS. Here's what you need to know about the IRS criteria.…