- Thinking of starting a travel blog so you can write off all your family vacations? Think again. The IRS posts specific requirements that dictate whether your blog is a business or a hobby.
- Business expenses, including travel, also need to be considered “ordinary and necessary” to qualify. Many travel expenses fall into a gray area.
- Some of your website expenses can usually be taken as business expenses no matter how profitable you are. Examples include your domain name, hosting, website design, and some basic equipment. If you’re unsure what you can deduct, you should consult a tax professional for help.
- Visit read more >>>
Source : BusinessInsider.Com