From the IRS: Millions of people enjoy hobbies. They can also be a source of income. Some of these types of hobbies include stamp or coin collecting, craft making and horse breeding. You must report any income you get from a hobby on your tax return. How you report the income is different than how you report income from a business. There are special rules and limits for deductions you can claim for a hobby. Here are five basic tax tips you should know if you get income from your hobby:
From the Federal Trade Commission: We know scammers are out there, impersonating the authorities and conjuring up different schemes to fool people into giving them money. They might say they're calling from the IRS because you owe taxes. Or claim they're from the FTC, calling to help you recover money lost to a scammer. But now we're hearing about a new ploy: scammers are impersonating the police! That takes some chutzpah, huh? Here's how it works.
From the Federal Trade Commission: Whether you travel a lot or just a little, you've probably gone online to book a hotel stay. Sometimes you might find a travel comparison site gets you the best deal. Other times, you might book directly at a hotel's website - maybe to earn points for the company's reward program, or because you have some special requests for your stay. For those times you're looking to book directly with a hotel, make sure that's what you're doing.
Agreeing with consumer groups, the Federal Communications Commission (FCC) last month rejected a request to expand unwanted, automated cell phone calls and texts. The FCC issued clarifications to the Telephone Consumer Protection Act that would make it easier for consumers to say "no" to these "robocalls."