Yes, the law says that if you have the intent to produce a profit, you can qualify for dozens of tax deductions, and those deductions can put hundreds of dollars of CASH in your pocket, every month, starting IMMEDIATELY.

To qualify for the tax breaks and to get the cash payments, you must be able to prove to the IRS that you have an intent to produce a profit, and that you are actively working on it. That’s it!

Look, here’s the deal… The government wants you to have a successful home-based business, because it’s good for the U. S. economy. But they also know that it usually takes a while for any new business to begin making a profit. So your tax breaks begin the very day you start a business. And that puts cash in your pocket NOW.

How does that work? Well, the amount that is withheld from your paycheck at your “regular job” depends on how much you expect to pay in taxes. The withholding amount is determined by the number of "allowances" you put on the W-4 you have on file with your employer’s payroll office.

If you now determine that having a home-based business will cut your taxes in half (which is realistic for many, many people!), then you can change your W-4 to reflect you new tax situation. That will result in less of your hard-earned dollars being withheld from your paycheck for taxes, which means more dollars put into your take-home pay.

For many wage earners, this results in a $200-$600 per month increase in their take-home pay. That’s every month for the rest of your working life.

What would it take for you to qualify? Not much…
The IRS uses 8 guidelines to determine if you qualify, and it is not hard to meet all of them. Here they are:

1. Have expertise in the subject area of your business OR be working with someone who does have that expertise.
   **If your business is (or was) an MLM, that means you can qualify simply by working with your upline, doing training calls, 3-way calls, etc.
    
2. Put time and effort into running your home-based business.
   If you are “inactive,” this is why you do not qualify for the tax breaks that active MLM’ers are getting. But, as soon as you begin putting time and effort (even a small amount of time and effort) into your business again, you immediately meet this requirement.
    
3. Conduct your business in a businesslike manner.
   If all of your “business activity” is conducted over lunch with friends or coworkers, you probably will not meet this guideline, but if you do conference calls, hold meetings in your home, send “prospecting” letters and emails, and hand out business cards and/or flyers, you can easily qualify.
    
4. Show that you have had business-related success in the past.
   This guideline is very broad, so almost anybody can meet this one. Some kind of business success in something – that’s it!
    
5. Expect that the assets you use in your business will be worth more over time.
   Hey, if you didn’t expect that the assets you use in your business would be worth more as time goes on, you wouldn’t be in this business, right? Of course you can meet this guideline.
    
6. Your history of profit or loss with this particular business.
   If you’ve been in this same business for a long time, and year after year you lose money at it, the IRS is going to become skeptical regarding whether or not you have “an intent to produce a profit.” But if this is a fairly new business venture for you, it’s okay if it takes a while to become profitable.
    
7. Amount of “occasional profits,” if any.
   This guideline probably won’t apply to you because, like #6 above, it applies to people who have been running the same (unprofitable) business for a long time. The purpose of these 2 guidelines is to weed-out those people who are in business with an intent to produce tax write-offs, as opposed to having an “intent to produce a profit.”
    
8. The role of “pleasure” or “recreation” in your business.
   If you conduct the majority of your “business” on the golf course, it just may look to the IRS like you are in business in order to write-off your greens fees or club dues. It is highly unlikely that this would apply to you.

So, as you see, #1 and #2 are the keys. All you have to do is to honestly be pursuing a profit and honestly be working your business. How hard can that be? You do have to be able to prove both of those, but here’s how you do that…

• Proving that you have “an intent to produce a profit” can best be supported by having a Business Plan. (At the end of this report, we’ll show you where to get a fill-in-the-blanks business plan which meets all IRS requirements.)
   
• Proving that you’re putting time and effort into running your home-based business is incredibly easy – IF you are actively engaged in your MLM.

• Large percentage of your mortgage or rent (yes, rent!),
• Utilities,
• Computers,
• Fax machines,
• Internet access fees,
• Cellular phones,
• Furniture,
• Home maintenance costs,
• Vehicle operating costs
  (even “commuting,” using the IRS “Two Business Location Rule”),
• ALL medical expenses,
• Long distance phone bills,
• Allowance for the Kids, and sometimes even
• Food for the Pets!

The list is almost endless. BUT you can only qualify for the deductions if you have an active home-based business, so if you have become inactive in your MLM, think about what that is costing you.

Not being active is costing you thousands and thousands of dollars in lost tax deductions, and that translates into hundreds of dollars of cash that could be in your pocket every single month!

Truly this is a no-brainer. Having a home-based business, immediately produces hundreds of dollars of cash in your pocket every month, even before you make a dime on commissions, bonuses, payouts or referral fees.

The Ultimate Tax-Reduction System for Home-Based Businesses is
“It’s How Much You KEEP, That Counts! Not how much you Make,”
a step-by-step guide to the dozens of tax deductions authorized by Congress for taxpayers who run a home-based business.

This Special Report was written by Ronald R. Mueller, MBA, and Scott C. Turner, CPA authors of It’s How Much You KEEP, That Counts! Not how much you Make!