ang2pang asked
In tax law, there is no clear, bright line that separates fun from profit, or a hobby from a business. But IRS instructions make it clear that all income — a category that includes bribes, gambling winnings, kickbacks and money made in illegal activities — can be taxed. “When you’re working on the Internet, it’s kind of a gray issue,” said Bart Fooden, a certified public accountant in Woodbury, N.Y., who advises small businesses and individuals. “The big issue is whether you’re doing it as a business or not.”
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