Blog | Law Office of James D. Lynch, PLLC

Difference Between a Business and a Hobby for Tax Purposes

A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business...

Filing an Extension to Get an Automatic Six More Months to File

Filing an Extension to Get an Automatic Six More Months to File For most individual taxpayers, the tax filing and payment deadline is...

The Difference Between Standard and Itemized Deductions

Taxpayers have two options when completing a tax return: take the standard deduction or itemize their deductions. Taxpayers should use...