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25 Home Business Tax Deductions For Network Marketers

kellywissink by kellywissink
Last updated: 02/22/2010

Home Business Tax Information

My hope is that you can use this Home Business  tax information to help you get started understanding and taking advantage of the tax deductions you are alloted for your home business or blog. By all means, if you don't understand something, check with an accountant or tax expert to help you unravel the I.R.S. tax code.

I do use Quick Books for my book keeping and TurboTax
for my tax preparation.

Please check with your home state's tax code as some states may differ in their tax language.

Start taking advantage of your Home Business deductions today.  I can't emphasize enough to document everything. Use the list below to help you start deducting today.

I need to add this disclaimer, use this tax information as a guide.
Please contact a tax professional to discuss your particular tax
situation.



Happy Deducting,



Kelly Wissink
Internet Marketing Specialist

Table of Contents

  1. 46 Tax Deductions That Bloggers Overlook
  2. 25 + Home Business Tax Deductions on Twitter Storm
  3. Home Business Tax Deductions on Twitter Search
  4. Meet the Author
  5. Kelly Wissink on Dipity
  6. Organize Your Tax Deductions
  7. Marketing Expenses
  8. Office Supply Expenses
  9. Office Equipment
  10. Multi-Media Expenses
  11. Travel Expenses
  12. Internet Expenses
  13. Educational Expenses
  14. Trade Show Expenses
  15. Tax and Accounting Software
  16. Tax Links
  17. Social Media For Small Business on Slideshare
  18. Network Marketing and Beyond Blog
  19. New Featured Lenses
  20. New Featured Group Lenses
  21. Tax Deduction Feedback
  22. Join Us On Twitter
  23. Love This Lens?
  24. SquidBlogger
  25. About Me

46 Tax Deductions That Bloggers Overlook

46 Tax Deductions that Bloggers Often Overlook
But what constitutes a proper deduction is another story - and bloggers usually err on the side of not deducting enough (and not the other way around).

Meet the Author

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Kelly Wissink on Dipity

Organize Your Tax Deductions

Document Everything

It is important to be organized from the start. I shop at my local Staples or Office Depot to get my office supplies.

Save all your receipts that are business related. Label each file in your accordion file folder with a month. Place all your paper clipped receipts by month.It's important to keep accurate records.File cabinets are great too if your have room in your home business office.

Keep a mileage log book in your vehicle.

Marketing Expenses

  • business cards


  • brochures


  • flyers


  • stickers and labels


  • cd's


  • copying


  • printing


  • letterhead


  • stationary and envelopes


  • thank-you cards


  • product give aways


  • advertising- Newspaper, magazine, radio, TV, internet


  • business checking account

Office Supply Expenses

  • envelopes


  • postage


  • shipping


  • printer paper


  • printer ink


  • pencils , pens, markers, highlighters


  • notebooks


  • post-it notes

Office Equipment

  • Computers and repairs


  • printers


  • fax


  • copy machine


  • answering machine


  • furniture


  • office space


  • file cabinets

Multi-Media Expenses

  • Cell phone, phone bills


  • PDA


  • digital camera


  • video recorder


  • iphone, ipod


  • voice recorder

Travel Expenses

  • Mileage


  • tolls, parking fees


  • airfare


  • trains, subways, bus fees


  • lodging


  • meals


  • conferences


  • conventions


  • seminars


  • entertainment


  • rental car


  • Business gifts

Internet Expenses

  • Website hosting


  • domain names


  • web design


  • blogging expenses


  • podcasting -ipod, sotware


  • accounting software


  • tax software


  • internet service


  • classes


  • webinars


  • marketing

Educational Expenses

  • literature- books, journals


  • newsletters


  • ezines


  • internet training


  • educational cd's and dvd's

Trade Show Expenses

  • booth fee


  • travel


  • meals


  • tables

Tax and Accounting Software

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Tax Links

Office-in-Home Tax Deductions - Home Business Use of Your Home
If you qualify, taking deductions for business use of your home can save you money at tax time.
Make Tax Filing Easier With These Record Keeping Tips
Make Tax Filing Easier with These Record Keeping Tips. What records should you keep for tax purposes and how long should you keep them?
Utilizing Network Marketing Tax Deductions - Associated Content
How can you utilize network marketing tax deductions in your business?
mlmlegal
If your network marketing business is making money, there is no reason why you should not be able to write off legitimate business deductions. Fair and honest deductions will save you a lot of money, but remember pie-in-the-sky or fantasy deductions may trigger audits and cost you money.
Mlm Tax Deductions Article
Network marketers are often concerned about MLM tax deductions, because they are not really sure of what items or expenses can legally be deducted and what constitutes a real business.

Social Media For Small Business on Slideshare

Social Media For Small Business_By Jenni Lloyd, NixonMcInnes by RuthBaker

Jenni Lloyd; Experience Designer and Consultant at NixonMcInnes' presentation on Social Media for Small Businesses at Fresh Business Thinking event. More information on Jenni can be found here - http://www.nixonmcinnes.co.uk/people/jenni/ More information on NixonMcInnes can be found here - http://www.nixonmcinnes.co.uk/
 

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About Me

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This UpMarket page written by

kellywissink

Kelly and Curt both have a background in teaching and a passion for using their gifts to empower others to work from home.

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Deluxe. Remarkable. Creative. Unusual. Successful. Upmarket businesses push the envelope -- does yours?

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