Categorized | Network Marketing - MLM

Network Marketing Has Many Tax Time Benefits

Ohio.com:

If you operate a part-time business from your residence and you can meet the ``primary business location'' or ``convenience of the employer'' tests, then part of your home operating costs are tax-deductible.

To illustrate, suppose you sell Avon, Amway or Mary Kay products from your home where you have an office and store inventory and supplies. Then you can qualify for the home-business tax deduction.

But your home use must be a business, not a hobby or investment. In the case of Joseph Moller, he earned 98 percent of his income from his investment business. He was a passive stock and bond investor operating from his living room. But the U.S. Court of Appeals denied his home-business deduction for investing which, the court said, was not a business.

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