Comments on: Rethink Pink: Mary Kay May be a Hobby, Not a Business

By: Kelly

Kelly — Wed, 04 Nov 2009 00:11:59 +0000

Thanks Kessy – you can always sign up to receive posts via email or in your reader. Check the subscribe box in the top right of the blog.

By: Kessy

Kessy — Tue, 03 Nov 2009 23:03:28 +0000

I too am a MaryKay “hobbiest” for the last three years and heard similar advice from my tax preparer last year. This was a better explanation. I would gladly return to this website to learn more on taxes.

Please send updates and newsletters if available to the above email address.
Thank you.

By: Andrew Johnson

Andrew Johnson — Mon, 19 Jan 2009 04:05:53 +0000

Awesome site and great post, very helpful thank you!

By: Ask the taxgirl: Running As Fast As I Can | taxgirl

Ask the taxgirl: Running As Fast As I Can | taxgirl — Tue, 13 Jan 2009 13:27:40 +0000

[...] How can you tell if running is a hobby or a business for you? The IRS looks at a number of factors. In this case, there are two big factors which likely make running a hobby for you: your motive and your winnings. The IRS assumes that you’re in business to make money. It sounds, from your post, as if you run because you enjoy it and not to make money. There’s nothing that says that you can’t enjoy your business, but if you’re running primarily because you like it and not to make money as your main motive, it’s likely a hobby. Additionally, I’m guessing that you haven’t grossed more than you’ve spent for most of the last five years – the IRS assumes that a business will eventually make a profit. For more on the hobby rules, see my prior post about hobby income tests and Mary Kay. [...]

By: Ask the taxgirl: Trademark Expenses and Legal Fees | taxgirl

Ask the taxgirl: Trademark Expenses and Legal Fees | taxgirl — Tue, 21 Oct 2008 16:50:33 +0000

[...] You do need to be aware, however, that this is an area where the hobby/loss rules may apply. If you’re not sure whether you are operating as a business (even if you are not incorporated) or as a hobby, make sure you check out my prior post on hobby/loss rules. [...]

By: Ask the taxgirl: Freelance Deductions

Ask the taxgirl: Freelance Deductions — Wed, 03 Sep 2008 14:14:34 +0000

[...] pursuit of a business and not a hobby. Occasionally writing for fun, selling crafts that you make – and even Mary Kay – may actually be hobbies and not business pursuits. A business doesn’t have to be [...]

By: Carol Dollar Cronk

Carol Dollar Cronk — Wed, 23 Jul 2008 12:23:57 +0000

I agree that if you are serious about your business, don’t treat it as a hobby. Find a good director and get the best training to promote your business and to gain business knowledge. Then get out the door and talking with EVERYONE!