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Old 11-16-2015, 10:30 AM  
SpicyM
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Join Date: Aug 2006
Posts: 4,535
Quote:
Originally Posted by Forkbeard View Post
Tax free? Not hardly. The IRS in the US actually classifies certain businesses (usually persistent loss-makers) as "hobby businesses" precisely so that they can disallow losses from those businesses being deducted against other income. Hobby businesses are a real thing in this country and they pay taxes, you can laugh all you want but it's still true. You're just proving you shouldn't be giving international tax advice.
And those "hobby businesses" can't issue invoices or what is your point?
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