The PDGA is neither a tax firm, nor a law firm. We cannot give you tax advice or legal advice, and tax and legal professionals can’t ethically give non-clients advice, either (so we can’t just ask our accountants and attorneys to write this). However, we can give you a basic, academic framework to help you understand, as a TD, how the IRS taxes sole proprietors engaged in business. This discussion assumes that you’re a sole proprietor who is not affiliated with a club that’s organized as a nonprofit corporation/501(c) organization – you’re just a TD runnin’ stuff.
