Self Employment Hobby Tax?
You have a hobby of weaving and you work to polish your skills in your free time without a profit motive. You meet all the criteria of hobby, but if you sell a sweater or knitted scarf or anything, you are liable for income tax. If the activity is considered a hobby and if you make income from it, you need to fill Form 1040 on Schedule 1, line 8, other income section. The income would be subjected to income tax but not self-employment tax.
👉Contact Us -
🌐Explore more - https://sntcpa.com/
📞Call us - (281) 305-8224
#BookkeepingServices#Texas#Tomball#Houston#MonthlyBookkeeping #sntcpa #AccountingServices #business #Accounting #TaxPreparation #TaxServices #LLCFormation #tax2022 #taxlaws2022 #corporatetax #corporatetaxlaw #reducetax #savetax
Accounting and Bookkeeping, Tax Services in Tomball TX, Houston
S & T Associates CPAs LLC provides Accounting and Bookkeeping, Tax Services and Payroll to businesses and individuals in Tomball, Houston, Texas. CPA Firm in Texas
At SNTCPA, we offer industry-focused advisory, outsourcing, audit, tax and consulting services. Our veteran players in the field can help you successfully grow professionally and personally. Get support from our team of accountants.
👉Contact Us -
🌐Explore more - https://sntcpa.com/
📞Call us - (281) 305-8224
#BookkeepingServices#Texas#Tomball#Houston#MonthlyBookkeeping #sntcpa #AccountingServices #business #Accounting #TaxPreparation #TaxServices #LLCFormation
Accounting and Bookkeeping Services Tomball, Houston, Tx
S & T Associates CPAs LLC provides Accounting and Bookkeeping Services Tomball to businesses and individuals in the Houston, Tomball TX. CPA Firm in Texas
