Is it a Business or a Hobby? 9 Questions to Ask

The IRS takes the distinction very seriously.  Many small businesses start out as casual pastimes. You help troubleshoot your friends’ computer problems in your spare time, and they start telling their friends and business contacts about you. Or you use your woodworking skills to build furniture for non-profit organizations

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Ideas to Make Homeownership Affordable

Much is being written about how it is becoming harder to purchase a first home. Is home ownership out of reach? The problemFor years the values of homes kept going up with no visible ceiling in sight. Then came the 2008 recession and housing market collapse. While

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Taxpayer Bill of Rights

In June, the IRS announced the adoption of a Taxpayer Bill of Rights. The ten rights are highlighted here for your information. These rights have been in the tax code for years, however per Nina Olson head of the IRS Taxpayer Advocate Service, “…taxpayer surveys conducted by

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