Direct Sellers, Be Prepared for Tax Season! Understand Network Marketing and Taxes for 2013!

more+
less-

Tax season is right around the corner for direct sellers. Are you prepared?

Consultants, have you kept track of your IRS tax deductions? Did you know that you can deduct such expenditures as meals, entertainment, home office space, and business and travel expenses on your taxes (within reason)?

Network marketing executives, do you know why MLM companies are not excluded from paying sales taxes? What is your approach to collecting sales tax?

The IRS offers a significant amount of advice for direct sellers when it comes to taxes. The IRS defines “direct sellers,” outlines their potential income sources and common expenses, as well as provides many tax tips for those who may need to refresh their memories for the 2013 tax season.

MLM expert attorney, Jeff Babener, discusses the issues of taxes in network marketing in his video: What are the Central Tax Issues for MLM?

Lastly, visit the mlmattorney.com tax page for links to the necessary publications/forms, the IRS withholding calculator, and many other small business resources. And, don’t forget to tell us your tips on how you organize and prepare for tax season!

Visit www.mlmlegal.com and www.mlmattorney.com for more information on the network marketing industry.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Income Taxes, IRS, MLM Industry, Tax Deductions, Year-End Tax Planning

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Babener & Associates | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

CONNECT

Welcome to MLM Legal - a valuable resource to the Multi-Level Marketing and Direct Sales Industry. ... View Profile »


Follow Babener & Associates:

Reporters on Deadline