Home Network Marketing News Network Marketing - MLM Network Marketing Has Many Tax Time Benefits

Network Marketing Has Many Tax Time Benefits

7
0
SHARE

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.

SHARE
Previous articleSeattle Company Shares Software Product At Home Parties
Next articleLonger Work Day Cuts Into Family Time

“Ty Tribble is an Internet entrepreneur, author and Work At Home Dad who lives in Seattle, Washington with his wife, Richelle and two children, Emma and Tyler. Ty has been featured in Entrepreneur and Success From Home magazine and is considered by many as the # 1 blogger in the world on the subject of Network Marketing. Author of the book, ‘Double Your Income with Network Marketing’, Ty teaches lead generation strategies through social media and blogging to tens of thousands of Network Marketers around the world.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here