Tax Tip #8 Suspicious Activities

Hobbies vs Business

The IRS considers the following activities
suspicious because they involve significant
personal pleasure:

Automobile Racing
Training and Showing Dogs
Raising Show Horses
Record Recording
Ministerial Duties
Writing
Travel Business
Stamp Collecting
Antique Collecting

I am not a tax attorney or CPA. Please
consult one for more information.
"Lower Your Taxes Big Time" by Sandy Botkin
is a great resource book.

Tax advantages

Did you know that your initial start up costs for a home based business are tax deductible?

The money I save on taxes every year is great! You can deduct your computer, advertising, Internet and phone services, ink, paper, utilities, part of your rent and mortgage and so much more!!!

Stay tuned for tips and tax advantages on operating your business from home.