What's the Difference Between a Hobby and Business?

On this episode Mike Jesowshek, CPA talks about the difference between a hobby and a business and why this could be so important to you.1) What is a Hobby?2) What Are Hobby Loss Rules?3) How Can I Turn My "Hobby" Into a Business?LINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-s-the-difference-between-a-hobby-and-businessSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-s-the-difference-between-a-hobby-and-businessJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://app.simplymeet.me/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: [email protected]