This issue of HomeBizBytes answers the question...
When is your home-based business not allowed to take any
business tax deductions?
Hint: This is a trick question, but you'll need to know the answer.
____________________________________________
--- Welcome To ---
H o me B i z B y t e s
Visit us on the Web at
http://www.HomeBusinessOnline.com
January 22, 2003
Library of Congress - ISSN #1530-8790
* See end for contact, submission and subscriber information.
_____ IN THIS ISSUE ________________________
- Dave's and Heidi's Ramblings
...Anyone seen eBay's stock lately?
...Want to be part of the exclusive internet "Warriors?"
- Important Announcement
...A reminder to advertisers
...Next week's issue explains why - don't miss it!
- 2-Liners For Our Fellow Home-based Entrepreneurs
- Another Helpful Tax Resource
- Tax Reminder
...1099's for Independent Contractors
- Report
...The Home-based Entrepreneur's Painless Guide to Making
Your Hobby a Bona Fide Business For Tax Purposes
- Kind Things You Have Said... Thanks!
- Contact, Submission and Subscriber Info
-----
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_____ DAVE'S AND HEIDI'S RAMBLINGS _________
A warm welcome from Heidi and Dave to our new subscribers.
Thank you in advance for sharing this issue with friends,
family and colleagues!
Friends and Readers of HomeBizBytes,
--> Anyone seen eBay's stock lately?...
I knew it, I knew it! We should have sold some of our other
stocks and put them into eBay (hitting head on wall). It has
doubled within the last 3-1/3 months. Check it out:
http://quotes.freerealtime.com//dl/frt/M?IM=quotes&symbol=EBAY&type=Quote
And, if you want a visual chart shocker, go here:
http://quotes.freerealtime.com/dl/frt/M?SA=quotes|Chart&IM=quotes&symbol=EBAY&type=Chart&
Furthermore, since August, Amazon.com has enjoyed a nice steady
climb. After all, eBay and Amazon are two that are actually
reporting net profits.
Frankly, Dave and I love to see the triumphs rise out of the
dot.bom failures. We told you over a year ago that they would,
and they are. Slowly, but surely, we're seeing a stronger,
more stable internet. There will still be bumps and scrapes.
It's all part of the evolution of a viable internet model.
--> Warrior Pro and Warrior Forum...
If you've been wanting to be a part of the tight-knit internet
"Warriors" group, we have a way for you to get in for only $7 !
And, this will get you into the forum and parts of Warrior Pro
FOR LIFE! You can get in through a product called "Money
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that, you'll also receive instructions for getting access to a
bunch of the Warrior products, including the forum and a load
of eBooks and courses, including Jimmy D. Brown's Free
Advertising System. That, in and of itself, is worth far more
than the $7. You can keep the "Money Browser" installed or
simply delete it, but you keep all the Warrior bonuses.
Here's the $7 link: (You won't find this anywhere else!)
http://www.homebusinessonline.com/recommended/moneybrowser/
Dave and I wanted to mention this to you since you really can't
lose for only $7. And, we want you all to become a part of the
exclusive Warriors that can offer so much help to you in
building your business online.
--> This issue...
Dave and I realized we hadn't provided a "Painless Guide" for
our subscribers for some months. So, we put one up today to
finish up our January tax series articles and reports. You'll
find the link below entitled "The Home-based Entrepreneur's
Painless Guide to Making Your Hobby a Bona Fide Business For
Tax Purposes."
You won't want to miss next week's issue as we reveal why we
have decided to do away with paid advertising in HomeBizBytes.
We promise it will be revealing, and it will be truthful.
Enjoy this issue.
Go ahead, pass this newsletter on to your friends and
associates. Let them know you sent it using your unique link:
http://www.HomeBusinessOnline.com/nsl.htm?hbb=000196
Remember, we read every email from our subscribers, so send
'em our way!
Heidi and Dave Perry
Your Home Office Partners
mailto:Editor@HomeBusinessOnline.com
P.S. An archive of past issues and articles may be found at
http://www.HomeBusinessOnline.com/ezine/hbb/
Participate in our helpful forums and win $1000's
http://www.homebusinessonline.com/community/forum/
_____ IMPORTANT ANNOUNCEMENT _______________
Just a quick reminder that we will no longer be accepting ads
in each issue of HomeBizBytes as of February 1st. However, we
will honor and deliver all ads that are received by midnight,
January 31st.
- To view guidelines and submit a Sponsor ad or 2-Liner by
January 31st, use this URL:
http://www.HomeBusinessOnline.com/ezine/hbb/adinfo.html
Be sure to tune into next week's issue as we will be revealing,
in detail, all the juicy details of how and why we came to this
decision. It will interest many of you who are ezine
publishers or who are contemplating starting an ezine.
_____ 2-LINERS FOR HOME ENTREPRENEURS ______
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-----
Want to place your 2-Liner in two issues of HomeBizBytes?
Ads will only be accepted through January 31st, midnight. No ads
will be accepted after that date.
http://www.HomeBusinessOnline.com/ezine/hbb/adinfo.html
_____ ANOTHER HELPFUL TAX RESOURCE _________
Thanks to subscriber Eric Owens for reminding us of two more
helpful tax resources. Both are excellent software that will
help you keep daily records as well as give reminders of legal
deductions you can take. And, they're easy to use, clever, and
very reasonably priced!
This is the same software the "The Tax Mama" Eva Rosenberg
promotes:
The Internet Tax Helper
http://www.internettaxhelper.com/g.o/taxhelpers
Custom-made for internet entrepreneurs
The MLM Tax Helper
http://www.mlmtaxhelper.com/g.o/taxhelpers
Custom-made for network marketers
It is recommended that you have a minimum of 64 Megs of RAM,
7.5MB of available disk space and a Pentium processor or its
equivalent to use this software.
Let us know how this software works for you!
_____ TAX REMINDER _________________________
January 31:
Time to send out those 1099's to any Independent Contractors to
whom you paid $600 or more during 2002. To avoid penalties,
get them in the mail by January 31st.
_____ PAINLESS GUIDE _______________________
The Home-based Entrepreneur's Painless Guide to
Making Your Hobby a Bona Fide Business For Tax Purposes
Are You a Hobby Or Bona Fide Business?
The IRS Wants To Know!
There's an awful lot of talk about understanding tax deductions
for the home-based entrepreneur. But, did you know there are
circumstances where your home-based business simply can't take
business deductions...period?
Your business could befall this awful fate. It all depends on
how the IRS views your business.
Yes, the dreaded IRS.
The purpose of this report is to explain this concept and to
help you avoid this trap.
Let's dig right in...
Note: You may read the rest of this thorough guide at the URL
below. We have written this guide for our subscribers. Feel
free to grab it for your own use or give it away to your
customers and subscribers. This report was just finished
today. Brand new, good stuff!
View the Painless Guide here:
http://www.homebusinessonline.com/community/guides/hobbytaxes.html
-----
About the authors:
Successful entrepreneurs Heidi and Dave Perry are founders of
HomeBusinessOnline.com and PrettyGreat.com. Receive free issues
of their popular HomeBizBytes newsletter:
http://www.HomeBusinessOnline.com/nsl.htm?hbb
_____ KIND THINGS YOU HAVE SAID ____________
Note from Heidi & Dave: Thanks so much for your kind words.
They keep us going!...
Subscriber response to recent 1/9/03 issue:
"Very Good issue this morning, You are right on. Hit me
right where it counts, the questions, and how to ask for
help, some of us don't know how to ask, mainly because I
don't know where to start, Thanks very good."
mrgobber
Also in response to recent 1/9/03 issue:
"I received your ezine and it is great! I am a mother of
five children. I am so glad that there are a lot of good
people out there like you wanting to help people."
Wendy Hoag
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Heidi and Dave Perry, Editors
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Editor@HomeBusinessOnline.com
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