profit

Beware of Spooky Nonprofits: Tricks, Not Treats

As Halloween creeps up tomorrow, we’re reminded that not all the ghouls and goblins lurk in haunted houses—some hide behind nonprofit status. These organizations “trick” donors with good intentions while failing to “treat” the communities they claim to serve. In earlier posts, we’ve shared ways to protect yourself from these fundraising frights—like understanding the differences

By |2025-09-28T03:16:01+00:00October 30th, 2025|Categories: Financial Education, Individuals|Tags: , , , , , , , , |

Hobby activities versus business – Profit purpose?

The IRS as part of their Tax Tip 2021-94 provided more clarification on the hobby activity and how to report hobbies (Schedule 1, Form 1040, line 8). Note that the IRS might disregard expenses on a business if they consider that it is a hobby or just for the purpose of offset other income and

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