Hobby or a Business [Archive] - Posh N Pretty Forum

Barbara Jean

02-22-2009, 12:23 PM

I found this guide that may be useful to someone when determining whether or not your crafting is a hobby or a business. Hope it helps.

Hobby or Business (In the eyes of the IRS)
(http://www.inchbyinchdesigns.com/store/WsAncillary.asp?ID=10)

MsJCreations

02-23-2009, 02:23 PM

Thanks for posting this. I bookmarked it to read later.

mamabrandy

02-23-2009, 02:29 PM

Thanks! I bookmarked it in case I do end up selling in the future. :)

Didee54

02-27-2009, 07:47 PM

Thanks that is helpful.

BusyBumbleBee

02-27-2009, 08:38 PM

Thanks, I was getting ready to look into getting a tax ID #. I started this as a "hobby" last summer and never thought it would balloon. Now that I'm a SAHM I've really been focusing my attention to my online store, so I'm thinking I need to get my legal ducks in a row! I'm going to post a thread I think, to see what other's are saying about how they got their businesses up and going.