Gary Bode, CPA: hobby income is a hot topic during a recession. For a free phone consult, please call 399-2705.
In tough times, Americans do what America is known for - starting companies. Sometimes this happens accidentally, when a hobbyist, say a candle maker, makes that first sale. And even that first sale is taxable income to . . . → Read More: CPA discusses Hobby Income vs. Business Income| Form 5213 Election