I sell handmade crafts online and started small but now make significant money, and I realize I have been treating it like a hobby for tax purposes when it is clearly a business. I do not know how to transition without admitting years of mistakes.
More people experience this than they realize.
Gradual change in circumstances can create tax obligations that were never formally acknowledged, leading to retrospective ethical dilemmas.
“Where Are You with Tax avoidance vs. tax evasion — ethics?”
If this sounds familiar, the Library can help you find the bigger picture.