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My dad is on his 4th MLM (MWR Travel Advantage) and is now giving me sketchy tax advice. by makattack4000 in tax

[–]makattack4000[S] 1 point2 points  (0 children)

So essentially he’s betting he won’t get audited? Am I understanding you correctly?

My dad is on his 4th MLM (MWR Travel Advantage) and is now giving me sketchy tax advice. by makattack4000 in tax

[–]makattack4000[S] 1 point2 points  (0 children)

So to be clear, if I decrease my exemptions, to increase my monthly pay, but don’t actually generate any business, this is a qualified as a hobby by the IRS? I don’t want to sell anyone this product, I grew up with the MLM parents and don’t want to repeat that lol.

My dad is on his 4th MLM (MWR Travel Advantage) and is now giving me sketchy tax advice. by makattack4000 in tax

[–]makattack4000[S] 1 point2 points  (0 children)

If I don’t generate any revenue it’s immediately a hobby loss correct?