MLM TIP #4 – HOME OFFICE: A TAX DEDUCTION GOLDMINE

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MLM Tips - Taxbot for home business tax deductionsWhen you start an MLM home-based business with a legitimate home office you qualify for many tax deductions. However, it is one of the least understood tax deductions and leaves many MLMers and small business owners confused on exactly what it is they can qualify for – more than you think when you have a home office!!!

Taxbot business expense trackerIf you qualify as a legitimate home business owner (having an O2Worldwide biz will) then you can deduct a part of all home office expenses including:

• Mortgage interest (The deduction is better as a business deduction than it is as an itemized one on your tax return)
• Rent (if you don’t own your home)
• Utilities
• General repairs
• Lawn care
• Homeowners insurance
• Real estate taxes
• Depreciation of your home

Having a legitimate home office can also increase your vehicle deductions significantly… Like I said at the beginning of this post, you can qualify for much more than you think!

Watch the fourth video in our short MLM Tips series on how Taxbot app and tools can save your MLM business thousands annually on all your home office tax deductions.

You can watch other MLM Tips videos in the series here.
MLM Tip #1 – Get FREE Gas for Your Car
MLM Tip #2 – Meals That Make You Money
MLM Tip #3 – Double Your Fun with Entertainment Deductions
MLM Tip #5 – Sample Your Way to Success

If you can also read my Taxbot review here:
How To Turn Your Business Expenses Into Tax Deductions With TaxBot

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Written by Ollie
Ollie Is An Entrepreneur, Coach, Affiliate And Internet Network Marketing Collaborator. He Finally Discovered The Secret Of Making Money Online And Enjoys Sharing It With Strangers Who Want To Improve Their Life And Lifestyle. He Can Show You An Easy Way To Grow Your Business Online - Without Wasting Your Time & Money Chasing Dead Beat Prospects & Leads… Click The "GET ACCESS NOW" For Your Attraction Marketing Boot Camp And Receive Step-By-Step Instructions On How To ATTRACT Prospects & Customers To Your Business!