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TAX ADVANTAGES

There are great tax advantages for network marketing businesses. You may or may not already have a home-based business. If you do, then you may or may not already know the tax deductions that are made available by the IRS through Congress. This is just a brief introduction that I hope gets your attention and encourages you to research the tax laws and deductions your self. Go to the IRS website, http://www.irs.gov and download the IRS Publication 857, "Business use of Your Home". Check with your tax advisor and have him/or her address some of these points with you. Here are just some of the deductions you may qualify for: Running a home business gives many tax advantages and deductions.

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TAX ADVANTAGES

Home Office Deduction - Allows you to deduct some or all of the expenses of your office at home and related expenses.

Building Related Expenses - Repairs and improvements to your home office are completely deductible.

Mortgage Interest - as a percentage of the total.

Security devices and monitoring fees

Insurance

Utilities

Transportation

Phones and Communications - including Computers, Internet Service Provider, etc.

Meals and Entertainment

Educational Expenses and On going training including seminars

TRAVEL-as it pertains to your Home Based Travel Business (check this out!)

Tax Preparation Expenses

Software

Start up cost for home-base business



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