Episode 2: Do you have a hobby or a business?

In Episode 2 of Creating Pros, it's a mini workshop where we walk through the question: Do you have a hobby or a business? Why does it matter?

It's important for 2 primary reasons, it's about what you want and your goals, and the IRS (and other taxing entities). We will talk about the differences between a hobby and a business, how the IRS makes a determination, and how you can make that decision for yourself.