RE: Using a small business to help with autoxing/racing events?

["Mark Smith" <msmith@tilia.com>]

Under that preface - give it a few more years and AOL and Compuserve could be 
considered hobbies!

Mark.

-----Original Message-----
From: John F. Kelly Jr. [mailto:76067.1750@compuserve.com]
Sent: Friday, January 31, 2003 9:06 AM
To: ba-autox@autox.team.net; INTERNET:E911me@aol.com
Subject: Using a small business to help with autoxing/racing events?


Any business that loses money for five years is considered by the IRS to be
a hobby.

--John Kelly