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Stop getting ripped off overpaying on your taxes! Here's how >> 37 Tax-Saving Strategies If you don't want to buy software or pay someone to do your taxes, do your taxes securely online. You now have great options from top-rated, well-known companies who can make your tax process a whole lot easier. (And you can get your tax refund a whole lot faster.) Now you can do your taxes for free with TurboTax's Online Edition and TaxAct, both Authorized eFile Providers. >> TurboTax Rated #1 in tax software Or try TaxBrain, and receive live tax help. You pay only to print or file, and you can get money back on your taxes in as little as 2 days. "TaxBrain gets a 5 star rating." - Epinion Easy, secure online program, guaranteed accurate Fast tax refunds through direct deposit or check One of the oldest IRS authorized e-File providers, family owned Try it free >> Do Your Taxes online The Tax Benefits of Starting a Home-Based Business The U.S economy continues to grow and corporations are enjoying large profits, but the majority of Americans still struggle with finances. This is one of the main reasons many people are looking into the benefits that a home-based business can offer. There is no stressful morning commute, extremely low overhead, fewer restrictions, and few or no employees. Many laws don't apply to small businesses with no employees or only a small number of employees. It has been estimated that 95% of home based businesses are successful their first year with an average income of over $50,000. The general benefits of starting a home based business are many when you consider the tax advantages, money making potential, and savings on transportation and clothing. Small businesses, including home-based businesses, receive numerous tax advantages. They can deduct their home, spouse and children (if you employ them), business vacations, cars, and business meals. You can even set up a pension plan while operating a home-based business. T I P : Tax Deductions Made Easy for Your Home Business The Ultimate Tax Handbook for the Self-Employed - increase your profits by capitalizing on every deduction! In addition, any losses you incur can be tax deductible and may even be refunded by the IRS, depending on your particular circumstances. To make your home-based business a success, you need to determine the factors that make one business succeed and another identical business to fail. Taking the incorrect actions can mean a failed home based business. Wanting the benefits of a home based business but taking no action at all surely means failure as well. The fact is, most people who start a home business do so without the proper knowledge. The need for a continued cash flow forces them to quit before they can acquire that knowledge. The best way to succeed in your home-based business venture is to benefit from the experience of others. This is much easier than trying to learn the hard way and then giving up in frustration. Starting a home-based business is an excellent financial opportunity. The tax benefits alone can make starting a business from your home the best financial move you'll ever make. The degree of success you have in your business is directly related to the amount of pleasure you get out of the business and the amount of work you put into it. Choose a home-based business that you enjoy, that you can comfortably finance, and a business in which there is a large market in need of your service or product. Will your business require you to invite clients to your home? Do you need extra insurance coverage to operate a business from home? Will you need an extra office or workspace to conduct your business? What about a second phone line, fax, or Internet connection? Some research and planning done ahead of time can save you time and money after your business is established. The benefits of starting a home based business are many, but be sure you have the time and energy to devote to your business so that you'll enjoy the financial and personal freedom you are searching for. Keep in mind that you may have expenses for bookkeeping unless you plan to keep your books yourself. Keeping accurate, up-to-date records is critical in operating a successful business. With adequate research, common sense, and a passion for your job, you can enjoy the many benefits and potential profits owning a home-based business brings. About The Author: Mal Keenan is editor and publisher of Home Business Tips Newsletter: http://www.home-business-tips-newsletter.com/

Make Your Business Taxes Easier: IRS Guidelines for Business Tax Deductions: Advertising Bad Debts Car and truck Expenses Commissions and Fees Conventions and Trade Shows Depreciation on Property Owned by Business Employee Benefit Programs Insurance Interest Legal, Accounting & Professional Services Office expenses Pension/Profit-Sharing Plans Rent Repairs/Maintenance on Business Premises & Equipment Supplies Taxes and Licenses Trade Publications Travel, Meals, Entertainment Utilities Wages More information >> IRS Publication 535 Small Business Tax Deduction Tips: How to Lower Your Taxes Tax Information for Small Businesses courtesy of ARA Content (ARA) - The IRS publishes a lot of tax information to help small business owners and there are many ways to get it. You can always visit an IRS office to pick up copies of IRS forms and publications, although the IRS continues to make it easier for you to get these materials without leaving your office or maybe even your home. The IRS will send you forms and publications free of charge when you call them at 1-800-829-3676 with your request. Normally, you will receive the materials within 10 days, although there is another way to get tax materials right away. If you have access to a personal computer, you can browse and download IRS forms and publications from the IRS Web site at www.irs.gov. You also can get interactive help with your taxes while you're on line. For the latest information on business-related tax topics, click on the "Tax Info for Business" section. You'll find links to other Internet sites that may be helpful for your type of business. Tax Fax is another way to get business or individual tax forms and instructions instantly. Dial 1-703-368-9694 from a fax machine and follow the voice prompts to get an index of IRS tax forms faxed to you. From this index, key in the catalog number of the form you want faxed back to you. Some IRS publications that small businesses may find helpful include IRS Publication 334, Tax Guide for Small Businesses, and Publication 910, Guide to Free Tax Services. Publication 910 provides a listing and brief description of 100 IRS tax publications, including publications targeted at specific audiences such as Publication 225, Farmer's Tax Guide, and Publication 595, Tax Highlights for Commercial Fishermen. IRS Publication 1518, Year 2001 Tax Calendar for Small Businesses, is a wall calendar designed to remind businesses of key due dates for submission of tax forms and payments. It also provides information on general business taxes, electronic filing options, starting a small business, business expenses, record keeping, retirement planning, and business publications and forms. Your tax questions often can be answered by reading tax publications and related forms, but if you need more information, you may call the IRS, 24 hrs a day, 7 days a week until April 16 at 1-800-829-1040. Courtesy ARA Content, www.ARAcontent.com; e-mail: info@ARAcontent.com