Experience is a comb that life gives you after you lose your hair
Saturday February 4th 2012
Valuable Nuggets of Information

Why Every American Tax Payer Should Have a Home Based Business

Special ALERT to all prospective and current home-based business owners. Did you know that having a home based business can allow you to receive tax deductions on things like your telephone service, internet service, home PC/printer and related expenses, a portion of home utility expenses, postal expenses related to the home business, automobile expenses (if the car is used for business), and ANY other cost related to running your home based business?? It’s true!

Having a home based business is one of the last viable tax shelters left to Americans. EVERYONE should be taking advantage of this easy and readily available opportunity to save thousands of dollars each tax season. Here’s why this works:

Congress has passed Legislation telling the IRS to give thousands of dollars in tax refunds and deductions to ANYONE who qualifies by operating an honest small or home-based business with intent to make a profit – even a part time business. These are NOT “loopholes,” or “tax dodges” or “tax evasion schemes.” They are legitimate tax breaks that are:

o Authorized by Congress,

o Published in the IRS Code, and/or

o Approved by Federal Tax Court Rulings

In other words, they all are 100% IRS-Compliant!

Congress passed these tax laws for the purpose of encouraging the fastest growing segment of the United States economy: small business. “Small business is the backbone of the American economy,” according to President George W. Bush.

“Average Americans who run a small or home-based business now qualify for more tax advantages than any other category of taxpayer,” according to Ronald R. Mueller, author of the bestseller It’s How Much You KEEP, That Counts! Not how much you Make. “Even the super-rich with their high-priced lawyers and big-time tax advisors can’t get the tax breaks that YOU can, by simply trying to make a profit operating a `side-business’.”

Why the big tax breaks for home-business owners???

Because 70% of the job growth is coming from small businesses, and Congress is “betting” that some of us will hit on a winner, strike it rich, and, then, pay a LOT in taxes. Of course we won’t mind paying a lot in taxes if we’re making a boatload of profits, right?

So what are YOU waiting for? You can save yourself hundreds or thousands of dollars every year by working a home-based business, even if it is very part time.

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