http://www.moneyunder30.com/part-time-entrepreneurs-is-your-loss-deductible-check-the-irs-hobby-loss-rule Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.moneyunder30.com/part-time-entrepreneurs-is-your-loss-deductible-check-the-irs-hobby-loss-rule/comment-page-1#comment-4333 Famous entrepreneurs Thu, 04 Feb 2010 03:40:33 +0000 http://www.moneyunder30.com/part-time-entrepreneurs-is-your-loss-deductible-check-the-irs-hobby-loss-rule#comment-4333 That place actually is about a part-time job…sort of. Adjunct faculty are employees and not employees. In actuality we’re contract workers, but we get few of the benefits of contract workers and few of the benefits of employees (all our taxes are withheld as though we were employees, but we get no office space, no computers, no phone; and there’s not a chance they’ll pay our corporation so that you can take advantage of your contractor status).I cope with the freelance editing business (which is a removed activity from part-time teaching) by doing most of the work during down-time at the day job and by reading page proofs on the two-hour round-trip light rail commute. The latter’s pretty nice: I get about $50 worth of work done on the $1.75 ride. No artifact could I make a living with either of these endeavors. When the day job ends in December, the only artifact I’ll be able to get by is by cobbling united Social Security, a drawdown from savings, the pittance from teaching, and the even smaller pittance from editing. That place actually is about a part-time job…sort of. Adjunct faculty are employees and not employees. In actuality we’re contract workers, but we get few of the benefits of contract workers and few of the benefits of employees (all our taxes are withheld as though we were employees, but we get no office space, no computers, no phone; and there’s not a chance they’ll pay our corporation so that you can take advantage of your contractor status).I cope with the freelance editing business (which is a removed activity from part-time teaching) by doing most of the work during down-time at the day job and by reading page proofs on the two-hour round-trip light rail commute. The latter’s pretty nice: I get about $50 worth of work done on the $1.75 ride. No artifact could I make a living with either of these endeavors. When the day job ends in December, the only artifact I’ll be able to get by is by cobbling united Social Security, a drawdown from savings, the pittance from teaching, and the even smaller pittance from editing.

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