Owning internet home businesses allows us to immediately make many of our current home and automobile expenses tax deductible.
In addition, other tax benefits may include converting children’s allowances and living expenses, medical and dental expenses not covered by insurance, educational expenses, and travel expenses to tax deductible expenses.
In total, there may be as many as nineteen different types of tax deductions applicable to internet home businesses. In many cases, these are expenses we already have but which are not currently deductible.
If done properly, converting these expenses to deductions can often save enough in income taxes to finance a major portion of the new home-based business!
Let Uncle Sam help finance your home-based business!
Uncle Sam wants to give you these deductions for internet home businesses in order that you generate more income for yourself and others which results eventually in more income taxes for the government.
Although I’m not qualified to give tax advice, I can refer a tax service that I use which specializes in home based business tax deduction planning.
SANFORD (Sandy) C. BOTKIN, Attorney, Certified Public Accountant, is the Chief Executive Officer and Principal Lecturer of the Tax Reduction Institute, a tax education company located near Washington, DC.
During the past ten years, Mr. Botkin has taught more than 50,000 taxpayers how to save more than $300 million on their taxes with his Tax Strategies seminar, Tax Reduction Diary System, and his instructive tape series, Tax Advantages For Your Home Based Business.
Mr. Botkin has extensive financial and legal experience, including five years as a legal specialist in the Office of Chief Counsel for the Internal Revenue Service. He was also one of eight attorneys selected by the Internal Revenue Service to train new attorneys to the Internal Revenue Service’s Corporate Tax Division.
Mr. Botkin is a member of the Florida Bar Association and the Florida Institute of Public Accountants. Sandy clearly states that:
“The light at the end of the tunnel, for you and millions of others today, is the financial opportunity that starting your own business offers. If you have one going already, then make sure you are enjoying the many financial advantages to which your smart choice entitles you. The tax advantages alone can make a home-based business the single best financial move you could ever make.”
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