Sometimes your name can pop up after only 2 years !!! TRUST ME ON THIS!! IT'S NOT PRETTYMonty Mikho said:Search for better accountants. If the IRS grabs your name out of a hat you will have some nice fines to pay. There is a big difference between a business and a hobby. You will need to prove that this is a business for you and not a hobby to the IRS. Just food for thought.. I spoke with 3 accountants and they all said it was a pretty good risk. One can get away with losses for 3 years but after you will be flagged.. After sometime your name might pop up..