For those who take their network marketing business seriously, there are serious tax advantages to being involved in this home-based business.
The tough part is that these important advantages are so embedded in IRS codes, regulations and interpretations, that you could easily employ a small army of tax lawyers and accountants to unearth them. It is better, however, to have a broad view of this subject area and learn to spot some of the issues.
Here are some great examples of key tax points for Network Marketers to take up with your personal CPA or tax advisor:
Meals and Entertainment
No Hobby Losses
The Traveling Networker
Home Office Deductions
Business Gifts
Computers
Automobiles
Capital assets
Ordinary business expenses
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