I don't know too much about taxes, but I'm doing mine right now with turbotax, and I owe quite a bit. Someone once told me that if you have a business license, you can qualify for much larger tax cuts. I haven't really had much active business activity, but I do have a license.
I heard that since I do own a work at home business, I can take the money I pay for rent every month and claim that as a business expense, since this is where the business is located. Or something like that.
Can someone explain this to me better, or give me ideas of other deductions I would qualify for being I own a home based business (even though I haven't had much business activity)?
I live in washington
2007-04-12
18:00:55
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6 answers
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asked by
Rockstar from another dimension
1
in
United States