Game Show Pro

Lingo is a game show that currently runs on GSN, a pay TV channel, which bills itself the “Network for Games.”
Lingo is a word game. Two teams of two go head-to-head to win a usual prize of US$5,000. Nowadays there is a possibility of winning $10,000 or more, but winning those amounts is luck and [...]

Much of this post was derived from two articles: Hobby Business Tax Rules on nolo.com and Taxes and Freelancing from Tax Planning: U.S. at about.com. I take the information in these articles and discuss them from the perspective of a professional game show contestant.
How does one demonstrate that an activity is a business? One rule [...]

Can a steady, diligent effort to become a game show contestant be considered a business endeavor? Some care must be taken: the U.S. government does not want personal entertainment expenses to be tax-deductible. The Internal Revenue Service has criteria to distinguish between a hobby and a business. According to the IRS, here are the factors [...]

Most people who want to appear on a game show treat it as a hobby. Many of them are simply joyous for their 15 minutes of fame– any money won is lagniappe. But why not treat the process of winning money on a game show as a serious business endeavor? If you are interested in [...]