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Do you do some work at home?
Then I bet you use your home internet connection.
I also bet that you may not know the IRS rules concerning the deductibility of your monthly internet expenses.
That’s why I wrote this article in the new issue of The Tax Reduction Letter.
I want you to learn how to deduct all the costs of your home internet connection that you’re entitled to!
NOTE: The rules that apply to home internet deductions apply regardless of whether you claim the home-office deduction.
Here are the first things you need to know
about the IRS rules.
The deduction rules that apply to you depend on your choice of business entity (proprietorship, corporation, or partnership).
Do you file a Schedule C?
If you operate your business as a sole proprietorship, or as a single-member LLC, you file a Schedule C to report your business income and expenses. This offers you some significant moneysaving opportunities. You’ll get all the details when you read the full article.
Do you operate your business as a corporation?
The only way for you to reap the benefits of the home internet deduction is to have your corporation reimburse you for the deduction. But how exactly does this reimbursement process work? You’ll get all the details when you read the full article.
Do you operate your business as a partnership?
If you have deductible home internet expenses, and operate as a partner in a partnership, you have two ways to get a tax benefit. You’ll get all the details when you read the full article.
In the full article, I’ll also cover…
- Substantiating your home internet expense deduction
- Making an estimate of your internet use, and relying on the Cohan rule (What’s that? I’ll tell you.)
- Providing credible testimony
- The importance of keeping good records
- And much more!
Want to find out how Uncle Sam can help you pay for your home internet connection? Easy.
CLICK HERE to get my complete article…
“Cash In on the
Home Internet Deduction”