Side Hustle & Gig Income
“My hobby is starting to make money, when does it become a business for taxes?”
When a hobby begins producing income, the tax treatment often turns on how consistently it is pursued, whether there is a real intent to earn a profit, and how the activity is organized and recorded. In many cases, the same activity can look like a hobby at first and later resemble a business as sales grow, expenses become more regular, and the records show a more formal approach. The mix of personal enjoyment, time invested, and the way income and costs are tracked can all influence how the IRS views it. A focused session can map this against your actual situation in plain English.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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