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Yes, even if you consider the catfish shack a hobby, you are still required to report all income to the IRS, including the cash you receive from your catfish shack business. The IRS expects you to report all income, regardless of the source or method used for payment. Since you're operating a separate business entity from your primary job as a dentist, you should report your catfish shack income and expenses on a Schedule C (Profit or Loss from Business) on your personal tax return. This will allow you to account for the cash received from the business and any expenses you have incurred (such as catfish, oil, and cornmeal purchases) to calculate the net profit or loss. Remember, it is important to maintain accurate records of your catfish shack's income and expenses to help you in case of an audit. Underreporting income can lead to penalties and interest if audited by the IRS.