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Paying Taxes on Hobby Income

by Jessica Benjamin | Jul 14, 2021 | Accounting for Small Business, Business Consulting, Tax Accounting

Paying Taxes on Hobby Income In recent years, especially 2020, many taxpayers have cultivated a wide variety of hobbies into money-making ventures to satisfy an entrepreneurial spirit or to supplement their household income.  These hobbies span from photography and...

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The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant. Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

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