You may love what you do but at some point, you gotta eat. That’s more or less the word from Internal Revenue Service (IRS) when
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Yes, Olympic Wins Are Taxable (And Should Stay That Way)
As our athletes medal in Sochi, the chatter has again started about whether those medals – and the associated bonuses – should be exempt from federal income tax. Is it appropriate? Or necessary? I say no to both. And here’s why.
Read MoreAsk The Taxgirl: Am I Blogging As A Business Or A Hobbyist?
Taxpayer asks: I read your post about Mary Kay and I am still confused about hobbies. I own a bunch of blogs. I make money
Read MoreAsk The Taxgirl: Forms W-9 & 1099 For Groups
Taxpayer asks: Hi Tax Girl, Thanks for taking questions. It’s a really nice thing to do. I have a trio that performs regularly and this
Read MoreAsk The Taxgirl: Hobby Expenses
Taxpayer asks: I run a hiking group online, and lead regular events with about $25 expense for each and an annual subscription to meetup and
Read MoreAsk The Taxgirl: Running As Fast As I Can
Taxpayer asks: I saw on twitter that you ran a race this year so maybe you can help me. I run a number of races
Read MoreRethink Pink: Mary Kay May Be A Hobby, Not A Business
At my BlogHer session on blogging and tax, I raised the issue of hobby loss rules. This is an incredibly important matter not only for
Read MoreFix The Tax Code Friday: Hobby Loss Rules
I’m in Chicago today for the BlogHer Conference, where I will be speaking about blogging and tax. One topic that I plan to focus on
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