DO YOU SPEND ENOUGH TIME ON YOUR ACTIVITY TO QUALIFY AS A "HOME-BASED BUSINESS?"

Auditors are being told to use several tests to
determine if your "activity" is really a "hobby"
or a "business." Hobbies get a few tax breaks,
but home-business owners get waaaaay more!

If they can reclassify you as a hobby, they get
more of your money, and you’re…well, screwed.

IMPORTANT: One of the tests that is not well
understood, has to do with how much time you
spend on the activity.

You need to prove "Material Participation" in
your entity. Here are two ways to do that:

OPTION 1: If you work your business at least 500 hours
per year -- you pass.

OPTION 2: If you work your business at least 100 hours per
year AND no one else working in your business
puts in more time than you do -- you pass.