Hi,
I hosted last year for only 3 months because my student got homesick. I am thinking of hosting again, but I need advice. I am afraid of hosting and than having to pay taxes at the end of the year. So Im thinking of putting money aside after getting each stipend so I can use that to pay back the taxes. Do you have any idea of the amount that I should put in my savings account (or percentage) so that when I file taxes, and I have to owe, I can use my money that I put aside.
Also, I thank you for your threads on this post, I didn't even think of it as a business at first, but now I am looking for financial help and may do this again. So now i'm wondering about claiming it as a business... hmmmm
