Make sure the IRS won’t consider your business to be a “hobby”

Make sure the IRS won’t consider your business to be a “hobby”If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the eyes of the IRS. It may be a hobby.