U.S. Congress Has Approved Special HUGE Tax Deductions for Home-Bases Businesses
by Ron Mueller

Congress has approved a number of HUGE tax breaks to stimulate the growth of small and home-based businesses, including part-time MLM businesses.

Approved tax breaks can be worth up to $3,000 to $5,000 or more for the average home-business entrepreneur, including network marketers, even on last year?s taxes. Here are the 6 EASY Steps to Qualifying for these tax deductions:

1. Be operating a legitimate business, not just engaging in a hobby and calling it a business.
It can be an established business, such as an MLM, or it can be your own start-up business, such as freelance writing, personal coaching or consulting.

2. Conduct your business in a “business-like manner.”
Meet with customers and prospects in a business-meeting type environment, not just during your lunch break or on the golf course. Have an always-fresh list of leads and prospects, and be consistently working your lists. Attend business meetings and teleconferences with your managers and leaders.

3. Work your business on a Regular and Consistent basis.
Working your business 45 to 60 minutes a day, 4 or 5 days a week, meets this requirement better than working two random 10-hour days each month ? even though the latter involves more total hours.

4. Prove that you have Intent to produce a Profit.
Are you in business to produce a profit, or are you in business to produce tax write-offs? Can you prove it to an auditor’s satisfaction? You do not have to make a profit in order to claim huge business-related tax write-offs, but you do need to prove that you have a plan to become profitable, and that you are working your plan.

5. Be an expert in your business category OR be learning from experts.
If you are an Independent Associate with a networking marketing company and you do not have any personal expertise promoting the products or services offered by your company; if you participate regularly in teleconference trainings, attend training meetings, and go to conferences, you will prove that you are “learning from experts.”

6. Document (1) your Business Income, (2) your Business Expenses AND (3) your Business Activity.
Most home-business entrepreneurs understand parts (1) and (2), but item (3) is often overlooked. But don’t ignore it, because it is related to all 5 of the items above. Easiest way to do this? Keep accurate notes in a daily calendar or day?planner.

Get your copy of “It?s How Much You KEEP, That Counts! Not how much you Make,” the entrepreneur’s step-by-step guide to understanding home-business tax laws, how to qualify for them, and what records will audit-proof your tax return.