Question by Jan2001: If you earn a little extra money on the side, what qualifies as self-employment and what is simply a “hobby”? I have had a small self-employment online business, but I am shrinking it down. I never earned as much money as I hoped, and I am tired of keeping track of expenses… Continue reading If you earn a little extra money on the side, what qualifies as self-employment and what is simply a “hobby”?
Tag: side
how many exemptions may I claim from my job W4 if I have expenses from a side business?
Question by Larry: how many exemptions may I claim from my job W4 if I have expenses from a side business? According to what I’ve read; if one (single person) has an income from a job AND a home-based or small business (with IRS assigned EIN) – that person may include additional exemptions on their… Continue reading how many exemptions may I claim from my job W4 if I have expenses from a side business?