Tax Tips for MLM and Home Base Business Owners

Discover how to legally, morally and ethically reduce your taxes, $5,000 to $10,000 or more each year. 
  The U. S. Congress has created laws that encourage individuals to be
entrepreneurs to start and run their own businesses. Home Base Business
Entrepreneurs have many more potential deductions available to them than the
everyday taxpayer. Here is a list of some of the categories from the IRS's Schedule C.

• 
  Advertising


• Bad debts from sales/services


• Car and truck expenses


• Commissions and fees


• Cost of goods sold


• Depletion


• Depreciation and section 179 expense
  deduction


• Employee benefit programs


• Expenses for business use of home (form 8829)


• Insurance


• Interest - Mortgage- Credit Cards - other


• Legal and Professional Services


• Office expenses


• Rent or lease of vehicles, machinery and equipment


• Repairs and maintenance


• Supplies


• Taxes and licenses


• Travel, Meals and Entertainment


• Wages paid to employees


• and many more that a qualified tax pro can help you find!


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