Have you ever wondered how the IRS determines whether an activity is classified as a business or a hobby? Well, you’re in luck! In this article, I will unravel the mysteries of the IRS classification process. Get ready to dive deep into the world of tax determination with me! But first, let’s take a moment to appreciate the intricacies of the IRS. They have a knack for making things, shall we say, interesting. So, put on your detective hat and let’s embark on this journey together! Key Takeaways: Understanding how the IRS classifies business or hobby activities is crucial for
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