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"The Last Great Tax
Strategy"
The Tax Foundation in Washington D.C. reports that the average American
loses about 35% of their income to taxes. This represents the single
largest family expense. Taxes alone cost the typical family more than
their home, food, and clothes combined.
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Getting down to business with office tax
breaks
By Robert J. Bruss
Chicago Tribune Media
Services
Are you self-employed, or an employee, working full or
part time at or from your owned or rented residence? If you are among the
more than 25 million taxpayers who work at home, you may be entitled to
liberalized home-business tax deductions.
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The MLM Tax
Helper
"Eliminates the Tax Nightmare
of Your Home Business"
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25 Common Business Deductions and
Expenses
Every time you lick a stamp for your business,
write a check for an insurance premium or buy a box of paper clips, you're
incurring a legitimate business expense that may be tax-deductible. By
keeping close tabs on those business deductions allowed by the Internal
Revenue Service and adding up all those seemingly incidental purchases,
you may be able to lessen the bite at tax time.
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Congress has told the IRS to give thousands of dollars
in Tax Refunds and Deductions to ANYONE who has a small or home-based
business now, OR who had one at anytime in the past 3 years. You
probably qualify!
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10 Ways to Pay Less in
Tax
The following information comes
from the American Express Tax, written by American Express Tax and
Business Services and published by American Express Publishing
Corp
Small business owners face unique tax issues. Here
are some ideas to help you get the most from your business deductions,
avoid problems and plan for the future.
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Tax Tips You Can Bank
On
by Linda Overstreet
The chance of being audited by the IRS is only one-half of one percent,
and taking advantage of the full range of home-business deductions should
not increase your odds.
If you have a fulltime job in addition to
having a home-based business, your deductions may exceed your
home-business income by thousands of dollars. That means that your
home-business would report a 'net loss' for the year.
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