Hobby, business, or both? While both hobbies and businesses can generate income, the tax treatment is very different. Understanding the distinction can help taxpayers stay compliant, avoid surprises, and maximize available tax benefits.

The MyTAXPrepOffice team is hitting the road this summer! Join us at Latino Tax Fest and IRS Tax Forums across the country to get a first look at what's new for Tax Year 2026, discover ways to increase revenue, and connect with our product specialists. We look forward to seeing you in person!

Summer is here! But so are some activities that may impact your taxes. From weddings and day camps to side hustles and digital assets, proactive planning now can help taxpayers avoid costly surprises later.

Owning a home can provide more than just stability and equity — it may also offer valuable tax benefits.