ARTICLES

Side hustles can create valuable income, but they also come with tax responsibilities. Learn how the IRS determines whether an activity is a business or a hobby, why that distinction affects deductions, and what steps taxpayers can take to document profit motive and protect eligible write-offs.

Starting a new business? Learn how start-up and organizational expenses are treated for tax purposes, what qualifies for deductions, and how proper planning can reduce your tax bill.

Claiming business deductions? The IRS is watching closely. A recent Tax Court case shows how poor documentation can lead to denied write-offs for meals, supplies, home office use, and more. Read further to learn what went wrong and how to protect your deductions with the right records and practices.

The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.