Are You Considering a Home Business to Afford Caregiving? Here are tax tips.
July 13, 2008 by Mary Emma Allen
Filed under Diseases & Conditions
Have you considered a home business so you can afford to stay home to care for your Alzheimer’s family member? Perhaps you already have one. Are you knowledgeable about home business taxes?
Jean Murray, at Small Business Boomers, has a great post with information and resources concerning what the IRS (Internal Revenue Service in the US) considers a true business. You might like to check out her, Boomers Retiring to “Fun” Businesses: Is birdwatching a business?
She mentions some of the criteria the IRS uses to determine whether you’re entitled to deduct your losses from the business you’re operating or starting up.
(Amazon image)
(c)2008 Mary Emma Allen
