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For a business (activity engaged in for profit), income and expenses are listed on Schedule C (and the net income result carries to line 12 of the Form 1040). All expenses are used, even if they create a net loss. For a hobby (an activity not engaged in for profit), income and expenses are listed separately.
Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
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Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
Though they originally saw it as a sideline business to their commercial printing operations, soon they were devoting seven days a week to the venture. The magazine was well received by model railroaders, and the young publisher carried the entire first press run (272 copies) by streetcar to be mailed. By July 1934, paid circulation exceeded ...
2025 California wildfires. January 2025 Southern California wildfires. California Governor Gavin Newsom states that the ongoing wildfires impacting Los Angeles County could become the worst natural disaster in American history "in terms of the scale and scope", amid current estimated damages of more than US$135 billion. (The Independent)
The Anecdote 2025 Planner is a powerhouse for staying organized and reaching your goals. With a page-per-day view, you’ve got plenty of space to tackle to-do lists, schedule meetings, and jot ...
California voters chose electors to represent them in the Electoral College via a popular vote, pitting the Republican Party's nominee, incumbent President Donald Trump, and running mate Vice President Mike Pence against Democratic Party nominee, former Vice President Joe Biden, and his running mate Kamala Harris, the junior senator from ...