TEST BOOK

Network Marketing Expense Guide
IN PARTNERSHIP WITH LEBEAU & ASSOCIATES
Other Potential Self-Employed Expenses
(This is not an "all inclusive" list but some of the most commonly used expenses among homebased businesses.)
_________ Advertising
_________ Commissions paid
_________ Contract Labor
_________ Interest on a business loan
_________ Parking and tolls for business travel
_________ Equipment purchases - usually are depreciated or expensed with a Sec 179 deduction accounting
and legal fees for the business
_________ Health insurance premiums - special rules apply. (Deduct on the front of Form 1040.) Office supplies
_________ Business liability insurance
_________ Rent of business equipment
_________ Rent or lease of storage facilities
_________ Rent or lease of business space
_________ Maintenance and repairs of equipment or business space
_________ Shop supplies
_________ Business property taxes
_________ Business travel - hotel, parking, air and bus fares, taxis
_________ Internet service (percentage of business use)
_________ Web site hosting, design, and domain names
_________ Cell phones (percentage of business use)
_________ Telephone - the first line in a home is usually not deductible. A second line for business or a business
fax machine is deductible.
_________ Long distance phone charges and phone cards for business calls
_________ Books, newspapers, magazines for business purposes
_________ Association and membership fees
_________ Meals and entertainment (these are usually only 50% deductible)
_________ Cost of inventory items that sold (do not include unsold inventory)
_________ Merchant fees for your credit card sales
_________ Bank service charges on your business accounts
_________ Depreciation on the cost of furniture and equipment
_________ Answering services
_________ Postage and shipping
_________ Education and seminars
_________ Customer gifts
_________ Software purchases
_________ Software subscriptions, such as security software
_________ Commissions paid out
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