TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Taxes for Helping a Friend

May 09, 2011

Today TaxMama hears from Gayle in the TaxQuips Forum with a common misconception. She asks, “Do I have to become a business to write off expenses on my taxes? I make a product for a friend of mine. I buy all the materials. I do this to help their family