Just because you call it a business does not mean that the IRS is required to agree with you. The IRS has authority to presume that an activity can be charecterized as a hobby. As a result, any losses associated with the activity could be disallowed.Below are some...
Working The Puzzle From All The Angles
Month: May 2017
Are you Independent? 1099 or W-2?
On Behalf of Demetrius J. Karos, Ltd. | May 2, 2017 | Tax Law
Many employers simply do not want employees. There are numerous reasons or justifications for the classification but the question is whether it is correct or justified. There are legal consequences either way.Below is guidance on the appropriate classification....