Top 10 Home Business Tax Tips

AAA

One of the great virtues of starting a home business is the tax breaks you can claim. However, a popular belief is that claiming aggressive - and maybe slightly exaggerated - write-offs is a sure-fire way to attract IRS auditors. We'll look at some of the more popular home business write-offs as well as some tips on how you can legitimately claim them. (Homebodies can save big on their tax bill. Learn how in How To Qualify For The Home-Office Tax Deduction.)

  1. No results found.
Related Articles
  1. Taxes

    Top 10 Home Business Tax Tips

    If you work for yourself, make sure you are getting the most for your tax dollars.
  2. Taxes

    6 Tax Breaks That Anyone Can Claim

    Tax deductions and credits aren't just for big companies. You might be surprised how many tax breaks apply to your return.
  3. Managing Wealth

    The Best Part About Owning A Home: Tax Deductions

    There are many home ownership tax deductions you can take advantage of. Here are some of the ones you need to know about.
  4. Taxes

    Maximize Your Tuition Tax Benefits This Year

    To help college students pay their tuition bills and give America that extra push to get an education, the government has come up with a $2,500 tuition tax credit.
  5. Taxes

    Top Tax Advantages of Buying a Home

    Don't forget these deductions and credits that homeowners can use to reduce their tax bill.
  6. Taxes

    Tax-Saving Tips For Canadian Taxpayers

    Find out how to get a bigger return.
  7. Taxes

    Tax Avoidance Or Illegal Evasion?

    Find out how to avoid the most common tax filing mistakes and audit triggers, so you can deduct with a clear conscience.
  8. Taxes

    The Great Canadian Tax Quiz

    How much do you know about the taxes you pay? Here's a list of 10 tax questions to test your knowledge.
  9. Managing Wealth

    10 Tips for Avoiding a Tax Audit

    To help you avoid a tax audit this year make sure you stay away from these ten red flags.
  10. Investing

    Understanding Write-Offs

    Write-off has different meanings depending on the context in which it is used, but generally refers to a reduction in value due to expense or loss.
Hot Definitions
  1. Protectionism

    Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local ...
  2. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
  3. Demonetization

    Demonetization is the act of stripping a currency unit of its status as legal tender and is necessary whenever there is a ...
  4. Investment

    An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic ...
  5. Redlining

    The unethical practice whereby financial institutions make it extremely difficult or impossible for residents of poor inner-city ...
  6. Nonfarm Payroll

    A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number ...
Trading Center