Deducting the Home Office - In addition to...
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In addition to your computerized records, you must keep proof of payment, receipts
and other documents to prove the amounts shown on your tax return.
Well organized records will make it possible to know if your business is operating profitably and make it easier to prepare your tax return. In addition, these records may be the deciding factor in your ability to get a loan or lower your insurance premiums.
If you would like more detailed information you may purchase the Home Office Tax Benefits Guide at http://www.homeofficecpa.com/TaxGuideOffer.asp.
Marvin Mitchell is a former IRS Tax Examiner. His purpose in creating his book “Home Office Tax Benefits Guide” is to help home business owners learn the strategies they need in order to benefit from the tax benefits offered by the U.S. Government.
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