It is possible. Business owners can legally deduct all of
these expenses from their revenue before Uncle Sam comes to
collect his fee, and so can t4 online the average American simply by
starting a home-based business. For home-based operations,
the IRS treats home and living expenses as tax-deductible
business expenses. These eligible expenses could include
the following:
Furniture
Landscaping
Postage
Meals
Travel
Newspapers & Magazines
Phone Bills
Computers
Insurance
Donations
Cleaning Services
And much, much more
The average person could save $5000 or more in completely
legal tax deductions like those mentioned above.
While keeping more money in their own pockets sounds like a
blessing to most Americans, few people believe it could be
that easy and that legal. But it really is. And it
doesn’t take an accounting degree or an MBA to understand
what the government will allow nor does it require a
separate clerical staff to keep records of the deductible
expenses. All it requires is time, organizational skills,
and a desire to lower the yearly tax responsibility
substantially.
Time is essential. It will require time to set up a home-
based business and to begin generating a stream of profit.
It also takes time to study the tax laws relating to
business expenses. Unfortunately, many people are
unwilling to expand the initial effort required. They
prefer to make their $5000 the old-fashioned way: by
slaving away for forty hours or more a week to make someone
else rich. In reality, the time commitment of starting a
home-based business is considerably less and is required
only once.