Category Archives: Davis Law Group

The Retirement Plans and Longevity of Generation Xers

It is time for Gen Xers entering their 40s and 50s to take charge of their retirement planning. There are many things to consider, including finances, investments, insurance policies, legal documents, living arrangements, and healthcare. It is advisable to make a detailed checklist within these categories and take action on each item. Meeting with an...
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Business vs. Hobby: Factors the IRS Considers

A hobby is an activity that someone pursues because they enjoy it without any intention of making a profit. A business, on the other hand, is operated to make a profit.

  How can you tell the difference between the two? Here are the factors the IRS considers:  
  • Does the time and effort put into the...
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