Well, first of all that all depends on if you have been able to actually find a work from home based type job. There are plenty of opportunities on the internet and many of them are promising things that they are certainly unable to provide. There are surprisingly many very legitimate and rewarding opportunities to work from home. There still has to be some effort made by the wannabe stay at home tycoon, but if the person is willing to do so, then there is an opportunity awaiting that person. I came across this young man’s story www.instantpaydaynetwork.com/phillipsmc1 on the internet and later looked it up and it appears to be as he has described. Remember each persons success depends on that persons efforts.
If you work from home then the answer depends on whether or not you are claiming your income from your stay at home job. I mean you are your own boss right? So, what would normally be the role of a supervisor or employer to report your income to the IRS and provide you with the proper W9 paperwork to make those claims when filing your taxes.
Well, now if you are your own boss, are you doing that yourself? The answer had better be YES! The mere fact that you work from home does not mean that you are relieved of claiming your taxable income. I advised someone that there are always ways to track income if it is derived from another source. That source most certainly provides the government with what they have been paying as far as income.
What is important to remember is that if you are setting up your own business and you are unaware of the ramifications and steps necessary to do so, call this law firm and one of the attorneys will be more than glad to assist you in your endeavor.