Medicare Agent News

To be a Medicare Agent's source of information on topics affecting the agent and their business, and most importantly, their clientele, is the intention of this site. Sourced from various means rooted in the health insurance industry - insurance carriers, governmental agencies, and industry news agencies, this is aimed as a resource of varying viewpoints to spark critical thought and discussion. We welcome your contributions.

Thursday, June 30, 2022

IS YOUR SIDE HUSTLE A HOBBY OR BUSINESS? THE IRS WANTS TO KNOW

IS YOUR SIDE HUSTLE A HOBBY OR BUSINESS? THE IRS WANTS TO KNOW

Let's say you've taken up beekeeping over the pandemic, and now you're starting to sell honey. At what point can you call your hobby a business? It may not matter to you, but it matters to the IRS, and you don't want to get stung at tax time. 

See the IRS guidelines for determining a gig's status.


John at 10:35 PM
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