home business plans
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How can I check what taxes or benefits or tax savings – what is legally deductible for a home business?
I have an opportunity to add value by creating a home business with my family. My brother and his wife owns the house, purdhased land and is clearing and the establishment of a horse farm on 15 acres. My brother is retired from the U.S. Navy and received his pension income and he is working on an off-shore supply ship, and there are cash flow and stabilty. There is no business license or plan that I have been proposing to use tax and structural advantage. I plan to establish trade and product options after 14 years in SE Asia – Would it be wise to create an LLC or limited partnership? If there is Horse Farm and Ag subsidies to the state of Florida? I am searching for some basic instructions, so that our hard work and investment, efficient operation and benefit … and sound tax and business planning. Can you recommend some roads or corporate sources and opportunities that can provide answers and support? Theodore J. Adensam
You can research WWW.IRS.GOV for info IRMA tion or call 1-800-829-3676 (1-800-TAX FORM) and ask for Publication 17, Your Guide to Income Taxes. It's free and a very good source of information.
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