Maximize Your Tax Deductions Using The IRS's "Two Business Location Rule"

Written by Collin Almeida


Continued from page 1

Of course there'srepparttar second part:repparttar 117343 record keeping. In order to audit-proof these deductions, you will need to keep a vehicle-use log. The log can be a simple notebook with columns for destination, trip's purpose, and odometer reading. You must completerepparttar 117344 log for every car trip you make, not justrepparttar 117345 business-related ones. It may seem like a lot of effort, but each entry would take less than a minute to record and after a week filling inrepparttar 117346 columns would become as much a habit as fastening your seatbelt.

You're probably wondering ifrepparttar 117347 deduction is actually worthrepparttar 117348 inconvenience of rearranging your schedule and keeping a log of all your car trips. Decide for yourself. If your round-trip daily commute is only 10 miles, you can earn a deduction of $3.45 every working day, almost $20 a week, over $1000 for an entire year and that amount does not include mileage for business-related errands. Basically not takingrepparttar 117349 time and effort to claim this deduction is like throwing $10 out of your car window every 30 miles!

Besides writing off your car's accumulated mileage at tax time, you can also claim other automobile-related expenses. For example, you can claim gasoline, insurance, parking fees, and tollbooth expenses as additional deductions. Just keep all receipts and documentation in order to protect yourself in case of an audit.

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Discover little known but highly lucrative tax advantages you can legally claim as a home based business owner by visiting http://www.homebusinesstaxsecrets.com Getrepparttar 117350 FREE REPORT: "5 Hidden Tax Dangers..." that shows you how to save $1000's in taxes and avoid costly audits.

Discover little known but highly lucrative tax advantages you can legally claim as a home based business owner by visiting http://www.homebusinesstaxsecrets.com Get the FREE REPORT: "5 Hidden Tax Dangers..." that shows you how to save $1000's in taxes and avoid costly audits.


Where Do They Get the Stuff They Sell??

Written by Natalie Williams


Continued from page 1
5- Buy in bulk from a wholesale or liquidation company. You would normally pay about 30%-40% below retail forrepparttar merchandise. 6- Most wonder where these people are gettingrepparttar 117342 laptops and good electronics they sell and actually make a profit. Quality, New merchandise.... Here it is: They have set up accounts withrepparttar 117343 manufacturer of distributor of that product. They became a legal business, obtained licensing, built a credit history and purchase in bulk. Also, there are a few companies I have listed that pay you commission on your sales. So say I sell a laptop for $1400, which isrepparttar 117344 same pricerepparttar 117345 company sells it to me for... I don't make a profit fromrepparttar 117346 sell to my customer, but I make $100 commission for sellingrepparttar 117347 laptop. Decide on what product you would like to sell and then find out who manufactures it. You can usually find that information right onrepparttar 117348 packaging ofrepparttar 117349 product. Contact that company and express that you would like to retail their product and how would you go about setting up an account. You will need your business licenses. They will never sell to an individual. If you have a company telling you they arerepparttar 117350 manufacturer of a product or that they are going to sell to you wholesale, but they do not ask for your license, then they are not tellingrepparttar 117351 truth.

Natalie Williams Founder of the Online Sellers Association http://www.cidicon.com/osa Author of the OSA eZine http://cidicon.com/osa/Newsletters/issues/04-21-03.htm


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